AutoChina International Ltd. (AUTCF.OB) reported that its first-quarter net income was $8.0 million or $0.34 per share, compared to a net loss of $27.4 million, or $1.16 per share in the year ago quarter. The year-over-year increase of net income from a net loss position primarily resulted from the decrease of loss on change in fair value of the earn-out obligation.
Adjusted net income was $8.0 million, compared to $11.0 million in the first quarter last year.
Total revenues for the quarter were $103.1 million, down from $136.2 million in the comparable quarter last year. The decrease in revenues primarily resulted from lower demand for heavy trucks, which was partially offset by higher finance and insurance income during the period.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.