FAB Universal Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013; Provides Earnings Guidance for Full Year of 2013
For the six months, the company reported revenue was $48,493,632 against $1,717,483 a year ago. Income from continuing operations was $11,704,409 against loss of $1,624,755 a year ago. Income from continuing operations before income taxes $11,634,844 against loss of $1,619,572 a year ago. Net income from continuing operations was $8,733,160 against loss of $1,619,572 a year ago. Net income was $8,733,160 against loss of $1,327,368 a year ago. Basic and diluted per share from continuing operations was $0.42 against $0.19 loss per share a year ago. Basic and diluted per share was $0.42 against loss per share of $0.16 a year ago.
Based on performance to date, the company remains confident that will achieve revenue of $98.9 million to $102.6 million and net income of $19.3 million to $20.1 million for the full year of 2013.