报告中还含有bloomberg和Reuters的财务分析对比,希望大家感兴趣
概要如下:
FMCN reported strong results; we are particularly positive on margin
improvement in poster frame line, recording 40% GM vs. 80% for LCD.
Interactive screen progressed well with limited Capex. Maintain OW.
Focus Media reported strong 3Q11 revenue of US$210.7Mn (up 22.1% QoQ
and 53.4% YoY) ahead of our estimates of US$188.8Mn and consensus
estimates of US$187.3Mn. Core business revenue (LCD display network, instore
network and poster frame) was US$196.1Mn (up 18% QoQ and 53%
YoY), higher than guidance of US$175- 177Mn. Non-GAAP EPS of US$0.56
(up 35.3% QoQ and 72.5% YoY) is ahead of Street forecast US$0.48.