China Digital TV Holding Company Ltd. Earnings Rise 222% In Q1

(RTTNews) - China Digital TV Holding Company Ltd. (STV) announced a profit for its first quarter that rose from last year.

The company said its bottom line rose to $1.16 million, or $0.02 per share. This was up from $0.36 million, or $0.01 per share, in last year's first quarter.

The company said revenue for the quarter fell 8.1% to $13.19 million. This was down from $14.36 million last year.

China Digital TV Holding Company Ltd. earnings at a glance:

-Earnings (Q1): $1.16 Mln. vs. $0.36 Mln. last year. -Earnings Growth (Y-o-Y): 222.2% -EPS (Q1): $0.02 vs. $0.01 last year. -EPS Growth (Y-o-Y): 100% -Revenue (Q1): $13.19 Mln vs. $14.36 Mln last year. -Revenue Change (Y-o-Y): -8.1%

-Guidance: Next quarter revenue guidance: $7.2 - $8.2 Mln