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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