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Noah: 2Q Earnings Snapshot

SHANGHAI (AP) _ Noah Holdings Ltd. (NOAH) on Wednesday reported second-quarter earnings of $36.4 million.

The Shanghai-based company said it had net income of 59 cents per share. Earnings, adjusted for non-recurring costs, were 62 cents per share.

The wealth management firm posted revenue of $127 million in the period.

Noah shares have dropped 33% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29, a drop of 42% in the last 12 months.

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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 NOAH at https://www.zacks.com/ap/NOAH