Orient Paper Soaring 29% on Better-than-Expected Results, Guidance

Orient Paper (ONP) reports Q4 revenue of $36.3 mln, better than the single analyst estimate of $33 mln on Thomson Reuters. EPS was $0.29, vs. the estimate of $0.21 per share.

The company continues to expect 2011 revenues of between $186 million and $206 million, gross profit of between $36 million and $40 million, net income of between $24 million and $27 million, and basic and diluted earnings per share of between $1.33 and $1.46. The single analyst estimate for 2011 is $144 mln in revenue and earnings of $1.00 per share.

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