Monday, August 13, 2012, 9:55 AM
China Gerui Advanced Materials (CHOP -6.1%) lowers its FY2012 guidance, saying the move reflects the industry-wide reduction in steel prices which has led to a decrease in its average selling price "primarily due to slowing macroeconomic conditions in China.”
Comment![Global & FX, On the Move]
Tuesday, June 26, 2012, 8:58 AM
China Gerui (CHOP) says it has begun to export steel products to customers in Turkey and India at terms of sale generally similar to those of its domestic Chinese customers. Products exported include both wide- and narrow-strip high precision chromium-plated cold-rolled strip steel, to be used as insulation steel tape for wire and cable manufacturing.
Tuesday, May 22, 2012, 12:38 PM
China Gerui Advanced Materials (CHOP +18.2%) shares are strong after the cold-rolled steel production company reaffirms its 2012 estimates, expecting revenue of $395M-$410M vs. $404M analyst consensus and EPS of $1.32-$1.37 vs. $1.27 consensus. Q1 EPS of $0.24 beat consensus, while revenue of $73M missed.
Comment![Earnings, Commodities, On the Move]
Tuesday, April 17, 2012, 8:21 AMChina Gerui Advanced Materials (CHOP): Q1 EPS of $0.31 misses by $0.09. Revenue of $91.9M (+39% Y/Y) misses by $14M. Shares -6.3% premarket. (PR)
1 Comment[Earnings, On the Move]
Friday, October 28, 2011, 11:52 AM
China Gerui Advanced Materials Group (CHOP -32%) dives after an article on SeekingAlpha argues the firm's sales and earnings are overstated. The company's profit margins have been holding steady over the years, even as market prices for their products indicate a squeeze, writes Eiad Asbahi.
1 Comment[On the Move, Global & FX]