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Pingtan Marine: 1Q Earnings Snapshot

FUZHOU, China (AP) _ Pingtan Marine Enterprise Ltd. (PME) on Thursday reported a first-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Fuzhou, China-based company said it had a loss of 2 cents. Earnings, adjusted for asset impairment costs, came to less than 1 cent on a per-share basis.

The ocean fishing company posted revenue of $18.4 million in the period.

In the final minutes of trading on Thursday, the company's shares hit $2.19. A year ago, they were trading at $3.60.


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