LJ International (JADE) Reiterates Guidance, Highlights Company Expectations
LJ International designs, brands, markets and distributes a full range of jewelry through its ENZO stores in China, distributing to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. On Friday, the company reiterated its fourth-quarter guidance for the fiscal year ended December 31, 2010. The company expects revenues to total approximately $42.5 million in the fourth quarter, an 8 percent increase from the year prior. LJ International said it expects fourth-quarter net income of approximately $3.8 million, or $0.13 per fully diluted share, up 44 percent on a per-share basis…