China New Borun (BORN) said that total revenue increased 154.5% to $63.7 million from the second quarter of 2009. Net income was also up 154.8% to $9.9 million. Diluted earnings per American Depositary Share were $0.46.
Shares of China New Borun are higher by 12%.
Tim Hortons (THI.CA) (THI) today announced the company's decision to sell its 50% interest in the Maidstone Bakeries business to joint venture partner Aryzta AG for gross proceeds of CAD$475 million.
On the news, shares of Tim Hortons are higher by 7.5%.
China Agritech (CAGC) said that net revenue increased 63% year-over-year to $34.3 million. Non-GAAP diluted earnings per share were $0.37 versus $0.44 for the same quarter in 2009, beating expectations.
Shares of China Agritech are up 21.2%.
Elizabeth Arden (RDEN) posted net income per diluted share of $0.13, as compared to a net loss per diluted share of $0.07 for the prior year period, handily beating expectations.
Elizabeth Arden shares are higher by 11%.
AirMedia Group (AMCN) said total revenues increased by 53.0% year-over-year to $56.3 million. Adjusted basic and diluted net loss per ADS were both $0.01, versus a loss of $0.08 a year ago.
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