SHANGHAI (AP) _ Noah Holdings Ltd. (NOAH) on Monday reported first-quarter net income of $34.3 million.

On a per-share basis, the Shanghai-based company said it had net income of 55 cents. Earnings, adjusted for non-recurring costs, were 58 cents per share.

The wealth management firm posted revenue of $105.4 million in the period.

Noah shares have fallen 24% since the beginning of the year. In the final minutes of trading on Monday, shares hit $27.05, a decline of 43% in the last 12 months.

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

Automated Insights, source Associated Press News