Monday, April 29, 1:15 PM
Chinese auto retailer Lentuo International (LAS -31.3%) plunges after reporting quarterly earnings. In short, there wasn't much to like in the numbers: on a Y/Y basis, revenues fell 15.4%, vehicles sold decreased 12.8%, vehicles serviced fell 4.6% and the company reported a net loss of $3.9M compared to a net profit in the comparable quarter of 2011. "Our business continued to face significant challenges in Q4," LAS' chairman noted dryly. (PR)
Comment![On the Move, Earnings]
Thursday, July 7, 2011, 1:31 PM
Chinese auto dealer Lentuo International (LAS -8.3%) dips following the announcement that its CFO, Ping Yu, has resigned for personal reasons. The stock has been a poster child for disastrous Chinese IPOs, -55% since going public in December.
Comment![On the Move, Global & FX]