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.