Newsletter: State Digital First-quarter revenue forecast

Beijing time May 28 Morning News, State Digital (Nasdaq:gomo) today, as of March 31, the first quarter of the fiscal year 2014 and the full year earnings. According to the report, state's total revenue in the first quarter was 96.7 million yuan (about 15.6 million U.S. dollars), a 63% increase from 59.3 million yuan in the same period last year, with a net profit of 14.2 million yuan (about 2.3 million USD), and 11.5 million yuan in the same period last year.

According to Yahoo's financial data, 1 of Wall Street analysts expect state to have $0.15 trillion in the first quarter of U.S. depository receipts per share, according to U.S. General Accounting Standards (GAAP). Earnings showed that state's digital first-quarter revenue was diluted to $0.06 per ADS, less than analysts had expected.

In addition, 2 Wall Street analysts on average expect state's first-quarter revenue to be 15.27 million dollars. Earnings showed state's first-quarter revenue of 15.6 million dollars, exceeding analysts ' expectations.