XIAMEN, China (AP) _ Qudian Inc. (QD) on Tuesday reported a first-quarter loss of $68.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Xiamen, China-based company said it had a loss of 27 cents. Losses, adjusted for non-recurring gains, came to 50 cents per share.
The online micro-lending company posted revenue of $135.3 million in the period.
The company's shares closed at $1.50. A year ago, they were trading at $7.51.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QD at https://www.zacks.com/ap/QD
Automated Insights, source Associated Press News