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Wednesday, August 10, 2011

Company Results Wrapup: (AERL)

Asia Entertainment & Resources Ltd (AERL) announced their most recent earnings results for the quarter ended in June 2011. They reported actual earnings per share of $0.44 when they were expecting earnings to be $0.41 per share. Earnings beat expectations by $0.03 per share or 7.32%. Investors might expect the stock price to increase as results were better than expected. Further analysis may need to be done to determine whether the upswing will come to effect. Guidance and revenue estimates must be taken into consideration. A total of 1 analyst is currently covering this company. Shares of AERL traded higher by 0.58% or $0.05/share to $8.70. In the past year, the shares have traded as low as $5.00 and as high as $12.41. On average, 148053 shares of AERL exchange hands on a given day and today's volume is recorded at 132500.