Seeking Alpha

Yongye International jumps on Q2 reuslts

  • Shares of Yongye International (YONG +9.9%) are among today's winners after the Chinese agricultural nutrient company reported Q2 results.
  • Revenue for the period was $301.3M, up nearly 70% from Q2 2012.
  • Q2 adjusted EPS came in at $1.51, which looks pretty good compared to $0.74/ share in the same period last year.
  • No decision has been made on a response to a going private proposal.
  • Outlook: FY13 total shipments of $650-680M. (PR)
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