Shengkai Reports FY10 Results

Shengkai Innovations Inc VALV reports its FY10 non-GAAP EPS at $0.57, beating the consensus of $0.54. VALV's FY10 revenue came in at $54.1 million, versus the estimates of $53.65 million. VALV shares gained 2.69% to close at $6.88 yesterday.