Tag Archives: rino intl

Analyst Has Concerns About Rino Intl (RINO) Management, Accounting

According to Street Insider, analyst Adele Mao at OLP Global said the RINO International (RINO) Q4 earnings call presented a few conflicting points that don’t make sense.  Here are the comments:

“We came away with more questions than answers: 1) how much BOT contract from Shougang Jingtang was included in the reported backlog of $89.4 million, and how should revenue be recognized? 2) Why was SG&A expense unusually low at $2.8 million in 4Q09 … Read the rest

Rino Intl (RINO) Reports Strong Results, But Misses Estimates

Rino International (RINO), one of the top China water and remediation plays, reported earnings after the bell today.  Growth was excellent, but it didn’t quite meet Wall St estimates.  The company reported an adjusted EPS of .53/share which was a big jump from the year ago quarter (.28/share), but missed by a penny and was significantly less than last quarter’s record quarter of .68/share.  Revenues came in at $53 million which was a 32% … Read the rest