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Noah: 4Q Earnings Snapshot

SHANGHAI (AP) _ Noah Holdings Ltd. (NOAH) on Tuesday reported fourth-quarter net income of $14.8 million.

The Shanghai-based company said it had net income of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 27 cents per share.

The wealth management firm posted revenue of $57.2 million in the period.

For the year, the company reported profit of $119.1 million, or $1.93 per share. Revenue was reported as $253.1 million.

Noah shares have decreased 36% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $22.69, a drop of 50% 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