China Digital TV Holding Co. Ltd. (NYSE: STV) reported it has raised its guidance for smart card shipments and revenue for the fourth quarter ended December 31, 2013.
China Digital TV now expects fourth quarter 2013 smart card shipments to be in the range of 4.8m and 5m exceeding the previously announced guidance range of 3.9m to 4.2m given on November 19, 2013. For the fourth quarter of 2013, China Digital TV now estimates net revenues to be in the range of USD25m and USD26m, compared to previous guidance in the range of USD17.6m and USD18.9m.
The outlook for the fourth quarter of 2013 is an estimate. Actual results are subject to the finalised financial reports of the fourth quarter of 2013.
Founded in 2004, China Digital TV is the provider of CA systems to China´s expanding digital television market. For more information visit the Investor Relations section of China Digital TV´s website at http://ir.chinadtv.cn.