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Global Sources Climbs on Higher Q4 Revenues

Posted on Tuesday, March 11, 2008 at 08:00PM by Registered CommenterRyan McGuire in , , | CommentsPost a Comment
Global Sources Ltd. [NASDAQ:GSOL] reported a drop of 47% in Q4 Earnings, but a 16% increase in Q4 revenues [LINK to earnings report]. The numbers were good enough to catch an upgrade to BUY from hold at Citi. Today's 34% move came on 4 times average volume (3m) and an over exuberant market; watch out for a pull-back. Global Sources is a business-to-business media company which provides information and integrated marketing services in China. It engages in creating and hosting marketing Web sites that present suppliers' products and company information.

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