Global Sources Beats FY '05 EPS Estimates by $0.02; Expects "Substantial Revenue Growth" in '06 (GSOL)

Global Sources (ticker: GSOL) reported Q4 2005 earnings results earlier today. (NOTE: If you would like the GSOL earnings conference call transcript delivered via e-mail please e-mail us.) Key stats from the quarter:

Q4 2005 Results:

Revenue rose 10% y-o-y to $32.3 million.

Revenue from China rose 19% y-o-y to $17.8 million.

Exhibitions revenue rose 18% y-o-y to $6.3 million.

Deferred income and customer prepayments rose 75% y-o-y to $53.0 million.

FY 2005 Results:

Revenue rose 6.1% y-o-y to $112.2 million, above consensus analyst estimates of $111.26 million.

Net income fell 15.2% y-o-y to $13.4 million.

Fully diluted EPS was $0.35, compared to $0.45 in Q4 2004, but above consensus analyst estimates of $0.33.

Q1 2006 Guidance:

Revenue of $27.5 - $28.5 million.

Diluted EPS of $0.08 - $0.10.

Guidance for 6 Months Ended June 30, 2006:

Revenue of $69.0 - $71.0 million.

Diluted EPS of $0.13 - $0.16.

GSOL 1-Yr Price Performance: