Asiainfo Holdings, Inc. (ASIA) is pressuring a long-term up trend line that has been supporting prices for the last 10 months after reporting better than expected Q4 results on Jan 28.

Fourth-Quarter Results

Sales for the quarter were up 42% from last year to $76.3 million. Earnings also came in strong at 34 cents per share, a 70% increase from last year and 5 cents ahead of the Zacks Consensus Estimate. Asiainfo’s largest segment, Asiainfo Technologies, saw 47% revenue growth during the quarter. The company has been consistent over the last year in a tough market, surprising in each quarter by an average of 3 cents, or 16%.

Asiainfo gained in a couple of key categories, with gross margin expanding 4% to 57.7% on higher margin products and services. The company’s full-year operating margin also improved, climbing 4% from last year to 15%.

Estimates

We haven’t seen much movement on the estimates front, but as it stands the current year is pegged at 79 cents while the next-year estimate is projecting 42% earnings growth.

The Chart

Shares of ASIA recently pulled back from the 52-week high to pressure a longer-term trend line that has been in play for most of the last 10 months. Take a look below.

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