Fuqi International gains on raised Q1 and FY08 guidance
Investors are catapulting shares of Fuqi International, Inc. (Nasdaq:FUQI) higher in pre-market trading after the Chinese jewelry designer said this morning that it is raising its 2008 first quarter and full year guidance after initial review of its operating results and internal forecasts for the remainder of the year.
The small cap also said it expects to continue to sustain long-term wholesale gross margins in with additional gross margin upside as its branded retail business translates more meaningfully to overall sales.
Shares vaulted 18%, or $1.10, to $7.20 in pre-market trading. For detailed price information and recent news stories about Fuqi International, click FUQI.
