Harbin Electric Inc.'s (HRBN, HRBN.OB) third-quarter net loss was $1.91 million or $0.07 per share versus a profit of $7.75 million or $0.34 per share last year.
Adjusted net income for the third quarter was $10.95 million or $0.40 per share for the latest quarter. On average, 3 analysts polled by Thomson Reuters expected earnings per share of $0.21 for the quarter. Analysts' estimate typically excludes one-time items.
Revenues for the recent quarter rose to $46.93 million from $39.66 million in the comparable period. Three analysts estimated revenues of $43.82 million for the quarter.
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