Brief: Nova Lifestyle Sees Fy 2018 Earnings Per Share $0.34

XMax

10/04/2018 12:49

April 10 (Reuters) - Nova LifeStyle Inc  NVFY.O :
    * NOVA LIFESTYLE ISSUES FY 2018 FINANCIAL GUIDANCE
    * SEES FY 2018 EARNINGS PER SHARE $0.34
    * SEES FY 2018 REVENUE AT LEAST $110 MILLION
    * NOVA LIFESTYLE SAYS "DOES NOT EXPECT ITS BUSINESS TO BE
MATERIALLY IMPACTED IN ANY WAY BY TRADE POLICY DIFFERENCES
BETWEEN U.S. AND CHINA"
    * HAS SUFFICIENT CAPITAL TO FUND ITS PROJECTED GROWTH AND
CURRENTLY HAS NO PLAN TO DILUTE CURRENT SHAREHOLDERS THROUGH
EQUITY OFFERINGS
    * APPROVED $5 MILLION STOCK BUYBACK TO INITIATE IN Q2/18
    * COMMERCE SALES FROM DIAMOND SOFA ARE EXPECTED TO ACHIEVE
"RECORD
PERFORMANCE" FOR FISCAL YEAR 2018

Source text for Eikon:  ID:nGNX8wKxQH 
Further company coverage:  NVFY.O 

 ((Reuters.Briefs@thomsonreuters.com;))