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China XD: 1Q Earnings Snapshot

DALIAN, China (AP) _ China XD Plastics Co. (CXDC) on Wednesday reported first-quarter net income of $11 million.

The Dalian, China-based company said it had net income of 16 cents per share.

The maker of plastics used in automobiles posted revenue of $301.5 million in the period.

China XD expects full-year revenue in the range of $1.3 billion to $1.6 billion.

The company's shares closed at $2.36. A year ago, they were trading at $4.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXDC at https://www.zacks.com/ap/CXDC