Shares of Gulf Resources (GURE) are higher in Friday’s after-hours session as the manufacturer of specialty chemical products in China reported Q1 EPS of $0.11, a increase of 128% compared to EPS of $0.05 a year ago. Revenue increased 14% to $25.5 million compared to the year ago quarter.
The company forecasts FY14 total revenue to be approximately $124.3 million, and net income to range between $22.02 million and $23.1 million.
Shares of GURE are up 11.2% at $1.98 after-hours.
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