Latest Generally Accepted Accounting Principles Stories

Revenues of $18.1 million; expects sequential revenue growth of approximately 20% for the second quarter MIGDAL HAEMEK, Israel, May 20, 2013 /PRNewswire/ -- Camtek Ltd. (NASDAQ and TASE: CAMT), today announced its financial results for the quarter ended March 31, 2013. Highlights of the First Quarter 2013 Revenues of $18.1 million; Improved gross margins of 45.8% (Non GAAP); 45.4% on a GAAP basis; Non-GAAP operating income of $0.1 million; GAAP operating loss of $0.2 million;...

- Positive Free Cash Flow of $5.9 million for the three months ending April 30, 2013. AMARILLO, Texas, May 20, 2013 /PRNewswire/ -- Hastings Entertainment, Inc. (NASDAQ: HAST), a leading multimedia entertainment retailer, today reported results for the first quarter ended April 30, 2013. Net loss was approximately $2.2 million, or $0.27 per diluted share, for the first quarter of fiscal 2013, compared to net earnings of $0.8 million, or $0.10 per diluted share, for the first...

HAIFA, Israel, May 20, 2013 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter "the Group," "ORL"), Israel's largest integrated refining and petrochemical group, announced today its financial results for the first quarter ending March 31, 2013. Results are reported in US Dollars and under International Financial Reporting Standards (IFRS). First Quarter Highlights: Adjusted Net Income totaled $4 million compared with a net loss of $34 million in the first quarter...

BEIJING, May 19, 2013 /PRNewswire/ -- Qihoo 360 Technology Co. Ltd. ("Qihoo 360" or the "Company") (NYSE: QIHU), a leading Internet company in China, today reported its unaudited financial results for the quarter ended March 31, 2013. First Quarter Financial Highlights((1)) Revenues were $109.9 million, a 58.6% increase from $69.3 million in the first quarter of 2012. Net income attributable to Qihoo 360 was $5.6 million, compared to $14.1 million in the first quarter of 2012....

TEL AVIV, Israel, May 17, 2013 /PRNewswire/ -- RiT Technologies (NASDAQ CM: RITT), today announced its unaudited financial results for the first quarter ended March 31, 2013. Financial Results for Q1 2013 Revenues for the first quarter of 2013 increased by 30% to $1.8 million, compared to $1.4 million for the first quarter of 2012. Gross margin for the period improved to 36%, compared with 16% in the first quarter of 2012. Net loss for the first quarter of 2013 (including...

BEIJING, May 17, 2013 /PRNewswire/ -- iSoftStone Holdings Limited ("iSoftStone" or "the Company," NYSE: ISS), a leading China-based IT services provider, today reported its unaudited financial and operating results for the first quarter ended March 31, 2013. First quarter 2013 results Net revenues increased 11.0% to $95.9 million in the first quarter 2013 from $86.3 million in the first quarter 2012. Gross profit increased 11.1% to $30.9 million in the first quarter 2013...

Gross Margin in Q1 2013 Strengthened to 17.2% BEIJING, May 17, 2013 /PRNewswire/ -- E-Commerce China Dangdang Inc. ("Dangdang" or the "Company") (NYSE: DANG), a leading business-to-consumer e-commerce company in China, today announced its unaudited financial results for the first quarter ended March 31, 2013. First Quarter 2013 Highlights Gross Margin in the first quarter of 2013 was 17.2%, the highest level since the second quarter of 2011, compared to 14.2% in the first...

BEIJING, May 16, 2013 /PRNewswire-FirstCall/ -- Hollysys Automation Technologies, Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the fiscal year 2013 third quarter ended March 31, 2013 (see attached tables). Q3 Financial Highlights Quarterly revenues of $60.4 million, representing a decrease of 8.7% compared to $66.1 million year over year,...

Exede® service subscribers continue to grow as Q4 installations approach 100,000 CARLSBAD, Calif., May 16, 2013 /PRNewswire/ -- ViaSat Inc. (NASDAQ: VSAT), an innovator in satellite and other wireless networking systems and services, announced financial results for the fourth quarter and fiscal year 2013. The fiscal fourth quarter results include new contract awards of $227.1 million, and a 28% growth in revenues to $308.7 million compared to the same period last year. Adjusted...

Company Beats First Quarter 2013 Guidance BEIJING, May 16, 2013 /PRNewswire/ -- Xueda Education Group (NYSE: XUE) ("Xueda" or the "Company"), a leading national provider of tutoring services for primary and secondary school students in China with a focus on offering personalized tutoring services, today announced its unaudited financial results for the first quarter ended March 31, 2013. First Quarter 2013 Quick View Total net revenue for the first quarter of 2013 increased...