China XD Plastics Raises Guidance (CXDC)

27% profit every 20 days?

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China XD Plastics Company Limited(Nasdaq: CXDC) announced today that it has raised revenue and non-GAAP adjusted net income guidance for the 2010 fiscal year, up from what was previously announced back in April. CXDC now sees its 2010 revenue to be in the range of $185 million-$215 million and it expects its 2010 non-GAAP adjusted net income to be in the range of $30 million-$33 million. It had previously anticipated its 2010 revenue to be in the range of $170 million-$200 million and it had expected its 2010 non-GAAP adjusted net income to be in the range of $27 million-$30 million.CXDC shares are currently trading at $6.80, up 2.26%.

27% profit every 20 days?

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