Chineseinvestors.com, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2014
The company expect revenues to grow to $4.0 million for fiscal year 2014, representing a projected 240% growth over revenues reported for fiscal year 2013 of $1.6 million while delivering profits in the $1.4 million range for fiscal year 2014 as opposed to losses of $1.1 million related to fiscal year 2013. This performance represents earnings of approximately $0.16 per share, fully diluted for fiscal year 2014 as compared with losses of $0.13 per share for fiscal year 2013. These projected results more than double last year's top line while establishing a strong positive pretax earnings margin noting that the Company has a substantial NOL carry forward that should neutralize the tax impact for fiscal year 2014.