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Kandi Tech: 2Q Earnings Snapshot

JINHUA, China (AP) _ Kandi Technologies Group Inc. (KNDI) on Thursday reported second-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier.

The Jinhua, China-based company said it had net income of 3 cents per share. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.

The electric and all-terrain vehicle maker posted revenue of $16.4 million in the period.

The company's shares closed at $4.10. A year ago, they were trading at $4.


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