China Digital TV Holding Company Ltd. Q4 Income Retreats 79%

(RTTNews) - China Digital TV Holding Company Ltd. (STV) announced earnings for fourth quarter that declined compared to the same period last year.

The company said its profit totaled $2.30 million, or $0.04 per share. This was down from $10.94 million, or $0.18 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 38.9% to $17.85 million. This was down from $29.23 million last year.

China Digital TV Holding Company Ltd. earnings at a glance:

-Earnings (Q4): $2.30 Mln. vs. $10.94 Mln. last year. -Earnings Decline (Y-o-Y): -79.0% -EPS (Q4): $0.04 vs. $0.18 last year. -EPS Decline (Y-o-Y): -77.8% -Revenue (Q4): $17.85 Mln vs. $29.23 Mln last year. -Revenue Change (Y-o-Y): -38.9%

-Guidance: Next quarter revenue guidance: $12.1 - $13.3 Mln