AutoChina International Limited (AUTCF) reported second-quarter net income of $8.4 million or $0.36 per share, compared to the net loss of $1.6 million or $0.07 per share in the comparable quarter last year.
Excluding items, adjusted net income for the quarter was $8.4 million, compared to the adjusted net income of $13.6 million last year.
Total revenues for the latest quarter declined to $104.8 million from $185.8 million last year, mainly due to lower demand for heavy trucks.
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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.