LJ International Reaffirms Q4 EPS Guidance of $.13

LJ International Inc. JADE today announced the Company's reiteration of fourth quarter guidance for the fiscal year ending December 31, 2010. As announced on November 9, 2010 at the release of LJI's third quarter 2010 financial results, the Company expects revenues to total approximately $42.5 million in the fourth quarter, up 8% from a year earlier, and just under $138 million for fiscal 2010. LJI expects net income in the fourth quarter of 2010 to total approximately $3.8 million, or $0.13 per fully diluted share, up 44% on a per-share basis from a year earlier. For the year 2010, projected fourth quarter results would bring total revenues to just under $138 million, with net income from operations (excluding the gain from the sale of investment property in the third quarter of 2010) totaling approximately $11 million, or $0.41 per fully diluted share. This figure is an increase from the net income of $3.7 million, or $0.15 per fully diluted share, in 2009.