Shares of Yongye International (YONG) move 11.6% higher premarket after the firm reports a 96%...

|About: Yongye International Inc (YONG)|By:, SA News Editor

Shares of Yongye International (YONG) move 11.6% higher premarket after the firm reports a 96% Y/Y jump in Q3 revenue to $141M. The company says its crop nutrient products are picking up traction in newly developed provincial markets in China, as it lifts its FY11 revenue estimate to $390M-$400M from prior guidance of $335M-$345M.