Lihua (NASDAQ:LIWA) Up 3% in Pre-Market on 2014 Earnings Outlook



Shares in Lihua International (NASDAQ:LIWA) were up nearly 3% in recent pre-market trading on Monday after the electric components and equipment company said it expects year-over-year improvement of 3% to 6.6% in its non-GAAP earnings for 2014. Q4 2013 results, however, declined from last year.

Sales for the quarter were $217.3 million, resulting in net income of $13.2 million, or $0.44 per share. Non-GAAP net income was $13.3 million, or $0.44 per diluted share.

In the same period last year, net income was $15.8 million, or $0.52 per share, on sales of $254.9 million. Non-GAAP net income was $15.9 million, or $0.52 per diluted share.

For 2014, the company estimates non-GAAP net income to be in the range of $58 million to $60 million.  Analyst estimates weren’t available for comparison.

Lihua International (LIWA) closed at $5 Friday regular hours in a 52-week range of $4.60 – $6.45.

Roadrunner Transportation Systems (NYSE:RRTS) said it has acquired all the stock of Unitrans International Corporation for $55.5 million, financed by borrowings under a credit facility.

In 2013, Unitrans had sales of approximately $84 million. The deal is expected to be accretive to Roadrunner (NYSE:RRTS)  earnings in 2014.

The provider of international logistics services said Unitrans offers international ocean and air transportation management, customs house brokerage, and domestic logistics solutions, with a focus on complex, cold chain, and high value shipments.

In 2013, Unitrans had sales of approximately $84 million. The deal is expected to be accretive to Roadrunner earnings in 2014.

RRTS (NYSE:RRTS) closed lower 0.2% on Friday, trading above the midpoint of the 52-week range between $21.17 and $30.98. The stock was unchanged in pre-market trade.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone