Notice: Trying to access array offset on value of type null in /home/wallstre/public_html/wp-content/plugins/really-simple-facebook-twitter-share-buttons/really-simple-facebook-twitter-share-buttons.php on line 318
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.