Kandi Technolgies Group Inc. Bottom Line Rises 9% In Q1

(RTTNews) - Kandi Technolgies Group Inc. (KNDI) revealed a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line came in at $3.7 million, or $0.08 per share. This was higher than $3.4 million, or $0.07 per share, in last year's first quarter.

The company said revenue for the quarter rose 15.7% to $50.66 million. This was up from $43.78 million last year.

Kandi Technolgies Group Inc. earnings at a glance:

-Earnings (Q1): $3.7 Mln. vs. $3.4 Mln. last year. -Earnings Growth (Y-o-Y): 8.8% -EPS (Q1): $0.08 vs. $0.07 last year. -EPS Growth (Y-o-Y): 14.3% -Revenue (Q1): $50.66 Mln vs. $43.78 Mln last year. -Revenue Change (Y-o-Y): 15.7%

-Guidance: Next quarter revenue guidance: $55 - $57 Mln Full year revenue guidance: $270 - $300 Mln