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Pingtan Marine: 1Q Earnings Snapshot

FUZHOU, China (AP) _ Pingtan Marine Enterprise Ltd. (PME) on Monday reported first-quarter net income of $7.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Fuzhou, China-based company said it had net income of 10 cents.

The ocean fishing company posted revenue of $17.3 million in the period.

In the final minutes of trading on Monday, the company's shares hit $1.05. A year ago, they were trading at $2.19.


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