China Security & Surveillance Technology, Inc. (CSR) Beats Q2 Estimates, Raises Guidance

China Security & Surveillance Technology, Inc. (CSR), a provider of digital surveillance technology throughout China, announced second quarter financial results this afternoon. Revenues increased 78% year over year to $92.7 million vs. analysts’ consensus estimate of $86.3 million. Net income increased 81% to $7.74 million, or 17 cents per share, compared to $4.27 million, or 11 cents for the same period last year. Adjusted net income (non-GAAP), excluding non-cash expenses totaling $9.8 million, was 39 cents per share, or 2 cents higher than analysts’ estimates.