CDC raises EBITDA guidance by 25% for second half
Chinese software and new media company CDC Corp. (Nasdaq:CHINA) said this morning that it is raising its earnings before interest taxes depreciation and amortization (EBITDA) guidance by 25% for the second half of 2008.
The company expects adjusted EBITDA to be in the range of approximately $10 million to $12.5 million, compared with $1.4 million for the same period in 2007.
Shares edged up 0.92%, or $0.02, to $2.19 at 10:05 a.m. ET. For detailed price information and news stories on CDC, click CHINA.
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Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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