China Gerui Advanced Materials Group Ltd. announced that it will be revising its fiscal 2012 revenue and earnings per share guidance and providing a strategic update as to its recent export activities. For the fiscal year 2012, the company has lowered its revenue guidance to be in the $290 million to $305 million range, below its previously announced revenue guidance range of $395 million to $410 million. The company has also lowered its earnings per share guidance for 2012 to be in the $0.75 to $0.85 range, below its previously announced earnings per share guidance range of $1.32 to $1.37.
China Gerui Advanced Materials Group Ltd.
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