Kandi Technologies Group (KNDI) Swings to Q3 Loss; EV Parts Sales Fell 90.4%

November 9, 2016 6:14 AM EST
Get Alerts KNDI Hot Sheet
Trade KNDI Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Kandi Technologies Group (NASDAQ: KNDI) reported Q3 EPS of ($0.04), versus $0.13 reported last year. Revenue for the quarter came in at $6.4 million, versus $50.5 million reported last year.

Electric vehicle ("EV") parts sales decreased 90.4% to $4.7 million for the third quarter of 2016, compared with $49.0 million in the same period of 2015;


Kandi Technologies Group sees FY2016 revenue of $28 - $30 million. The Company also expects the JV Company to deliver 2,000 to 2,200 EV products in the fourth quarter.

For earnings history and earnings-related data on Kandi Technologies Group (KNDI) click here.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance

Related Entities


Add Your Comment