Ninetowns Internet Technlgy Grp (NINE) Posts Earnings Results, Beats Expectations By $0.19 EPS


Ninetowns Internet Technlgy Grp (NASDAQ:NINE) released its quarterly earnings results on Monday. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.19, Fidelity Earnings reports. The business had revenue of $173.81 million during the quarter, compared to analyst estimates of $162.01 million.


Shares of Ninetowns Internet Technlgy Grp opened at $35.64 on Wednesday, according to MarketBeat. Ninetowns Internet Technlgy Grp has a one year low of $33.85 and a one year high of $36.90.

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A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group lifted their price target on shares of Ninetowns Internet Technlgy Grp from $29.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday. JPMorgan Chase assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research report on Tuesday, February 13th. They set an “overweight” rating and a $33.00 price objective for the company. Goldman Sachs assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research report on Tuesday, February 13th. They set a “buy” rating and a $23.50 price objective for the company. Piper Jaffray assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research report on Tuesday, February 13th. They set an “overweight” rating and a $35.00 price objective for the company. Finally, Wells Fargo assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research report on Tuesday, February 13th. They set an “outperform” rating and a $33.00 price objective for the company. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.65.


Ninetowns Internet Technlgy Grp Company Profile

Ninetowns Internet Technology Group Company Limited is a software company that enables enterprises and trade-related Peoples Republic of China Government agencies to streamline the import/export process in China. It operates in four segments: enterprise software and related maintenance services , software development services segment, B2C e-commerce and, and real estate development.

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