GUANGZHOU, China (AP) _ Fanhua Inc. (FANH) on Tuesday reported third-quarter earnings of $11.1 million.
The Guangzhou, China-based company said it had net income of 21 cents per share. Earnings, adjusted for stock option gains, came to 20 cents per share.
The insurance company posted revenue of $119.6 million in the period.
Fanhua shares have decreased 45% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.37, a drop of 46% in the last 12 months.
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The Associated Press