Focus Media Holding Limited (FMCN) Q2 2012 Earnings Call August 22, 2012, 09:00 pm ET Executives Jing Lu - IR Jason Jiang - Chairman & CEO Kit Low - Executive Director & CFO Analysts Richard Ji - Morgan Stanley Wallace Cheung - Credit Suisse PresentationOperator
Good afternoon. My name is Macy I will be your conference operator today. At this time, I would like to welcome everyone to the second quarter 2012 Focus Media Holding Ltd earnings conference call. All lines have been placed on-mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions) Thank you. I will now turn the call over to Jing Lu. Ma’am you may begin your conference. Jing Lu Thank you, operator. Welcome to Focus Media’s second quarter 2012 earnings conference call. Today, our management will discuss the company’s financial results for second quarter of 2012 and the business outlook for the third quarter of 2012. With me here are Jason Jiang, Chairman and Chief Executive Officer and Mr. Kit Low, Chief Financial Officer and Executive Director. After management updates you on our second quarter 2012 operational and financial performance, we will open the call for questions. This is call is also broadcasted through Internet and available through our Investor Relations website, ir.focusmedia.cn. Before we begin, I would like to remind you that during the course of this call, we will make forward-looking statements that are subject to risks and uncertainties. The statements include, but are not limited to statements regarding Focus Media’s business objectives and plans, the expectations of the development of our networks and our outlook for the third quarter of 2012 for example.
Focus Media (Nasdaq:FMCN) hit a new 52-week high Friday as it is currently trading at $27.41, above its previous 52-week high of $27.32 with 749,097 shares traded as of 2:35 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.
Focus Media (Nasdaq:FMCN) hit a new 52-week high Monday as it is currently trading at $26.91, above its previous 52-week high of $26.90 with 1.3 million shares traded as of 3:25 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.