China Information Technology, Inc. Provides Earnings Guidance for the Full Year 2016, First Half of 2017 and Second Half of 2017
November 21, 2016 at 06:00 am EST
China Information Technology, Inc. provided earnings guidance for the full year 2016, first half of 2017 and second half of 2017. The company estimates that 2016 will likely produce a moderate net loss.
The first half of 2017 will probably be slightly profitable or break even. But the second half of 2017, the company estimates, will be moderately profitable - and as continue its migration away from equipment sales and toward the higher-margin IoT and cloud-based services, this profitability should improve steadily.