HANGZHOU, China (AP) _ Best Inc. (BEST) on Wednesday reported a loss of $56.7 million in its first quarter.

On a per-share basis, the Hangzhou, China-based company said it had a loss of 73 cents. Losses, adjusted for stock option expense and to account for discontinued operations, came to 68 cents per share.

The logistics company posted revenue of $284.4 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $1.20. A year ago, they were trading at $8.10.

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

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