SHANGHAI (AP) _ Noah Holdings Ltd. (NOAH) on Tuesday reported second-quarter net income of $47.3 million.

On a per-share basis, the Shanghai-based company said it had profit of 70 cents. Earnings, adjusted for non-recurring costs, came to 77 cents per share.

The wealth management firm posted revenue of $139.3 million in the period.

Noah shares have decreased 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.14, a rise of 30% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News