Fushin said it expects earnings of $1.15 to $1.25 a share in 2011, an outlook that reflects an effective tax rate of 25%. The current average estimate of analysts polled by Thomson Reuters is for a profit of $1.43 a share for the year. The stock was last quoted at $8.50, down 10%, on volume of around 50,000, according to Nasdaq.com. Based on a regular session close at $9.42, the shares were already off 24.5% in the past year; although they'd bounced roughly 40% since hitting a 52-week low of $6.70 in mid-August. Fushin also provided preliminary results for its fourth quarter ended in December, saying revenue was up 45% year-over-year to $265 million from $182.9 million in the same period a year earlier. The company said operating income rose 56% for the quarter to $57.7 million. "We ended a good year on a very strong note, with financial results that we expect will exceed our previous expectations, including our first ever profitable fourth quarter at Fayetteville despite seasonal weakness," Longever said, adding later: "While our business in China was affected by the continued slowdown of the 3G build-out, our diversified business model, product line and global market opportunity helped to offset this factor."