Cango Q2 Adjusted Net Income Rises, Revenue Falls-March 2024-www.financetom.com

Cango Q2 Adjusted Net Income Rises, Revenue Falls

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Cango Q2 Adjusted Net Income Rises, Revenue Falls

Aug 31, 2024 10:07 PM

05:55 PM EDT, 08/29/2024 (MT Newswires) -- Cango ( CANG ) reported Q2 adjusted net income late Thursday of 0.80 renminbi ($0.11) per diluted American depositary share, up from 0.35 renminbi a year earlier.

Revenue for the quarter ended June 30 fell to 45.1 million renminbi from 675.4 million renminbi a year earlier.

No analyst estimates were available for comparison on Capital IQ.

For Q3, the company expects revenue of 20 million renminbi to 25 million renminbi.

Price: 1.7600, Change: -0.01, Percent Change: -0.56

Previous page： Yum Brands Insider Sold Shares Worth $1,134,563, According to a Recent SEC Filing Next page： Chili's Parent Brinker Fiscal 2025 EPS Guidance Misses Views at Midpoint; Shares Slump

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Yum Brands Insider Sold Shares Worth $1,134,563, According to a Recent SEC Filing

Aug 14, 2024

01:57 PM EDT, 08/14/2024 (MT Newswires) -- Scott Catlett, Chief Legal & Franchise Officer, on August 13, 2024, sold 8,234 shares in Yum Brands ( YUM ) for $1,134,563. Following the Form 4 filing with the SEC, Catlett has control over a total of 29,159 shares of the company, with 29,159 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1041061/000112760224022169/xslF345X03/form4.xml Price: 138.03, Change:...

Chili's Parent Brinker Fiscal 2025 EPS Guidance Misses Views at Midpoint; Shares Slump

Aug 14, 2024

01:53 PM EDT, 08/14/2024 (MT Newswires) -- Brinker International ( EAT ) on Wednesday outlined a fiscal 2025 earnings outlook range that missed Wall Street's estimates at the midpoint after its fourth-quarter bottom-line didn't rise as much as expected, sending the casual dining restaurant company's shares tumbling. The company, which owns the Chili's Grill & Bar ( EAT ) chain,...

Industry and shippers brace for Canada rail stoppage, fear 'catastrophe'

Aug 14, 2024

* Talks between rail companies and Teamsters deadlocked, each side accuses other of bad faith * Industry groups urge Trudeau's government to prevent stoppage, citing economic impact * U.S. rail operator Norfolk Southern ( NSC ) embargoes hazardous cargoes to/from CN and CPKC networks By David Ljunggren, Promit Mukherjee OTTAWA, Aug 14 (Reuters) - North American industry groups and shippers...

Why Is US Foods Holding Stock Gaining Today?

Aug 14, 2024

US Foods Holding Corp. ( USFD ) shares are trading higher after the company announced a $211 million repurchase of shares from Sachem Head Capital Management LP. The company inked a Purchase Agreement to buy back shares at $52.28 per share, including approximately $2 million in excise taxes. The share repurchase is part of US Foods’ $1 billion program authorized on...