China Bio Energy (CBEH) reported earnings today and the company beat on both EPS and revenues. EPS came in at .25/share vs the expectations of .19/share (matching the year ago quarter) on revenues of $65.2 million which was a 12% increase over the year ago quarter. After an initial pop in the stock this morning, it’s off the highs. Not too surprising considering the run it’s had over the past few weeks.
The increase in … Read the rest
There’s a new renewable energy stock on the market-China Bio Energy has been approved to trade on the Nasdaq as of today. The company distributes both traditional petroleum products and biodiesel made from inedible seeds and leftover restaurant oil and grease.
In a company press release, Mr. Xincheng Gao, Chief Executive Officer of China Bio Energy Holdings Group, commented on the news:
“We are very pleased to join the Nasdaq Capital Market alongside other … Read the rest