U.S. Markets close in 1 hr 5 mins

Gulf Resources: 1Q Earnings Snapshot

SHOUGUANG, China (AP) _ Gulf Resources Inc. (GURE) on Wednesday reported a loss of $3.5 million in its first quarter.

On a per-share basis, the Shouguang, China-based company said it had a loss of 37 cents.

The specialty chemicals company posted revenue of $557,700 in the period. Its adjusted revenue was $558,000.

Gulf Resources shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.13, a decrease of slightly more than 9% in the last 12 months.


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