China Recycling Energy Corp. Announces 31% Decline In Q3 Profit

(RTTNews) - China Recycling Energy Corp. (CREG) reported a profit for third quarter that lost ground from last year.

The company said its earnings totaled $3.27 million, or $0.04 per share. This was down from $4.77 million, or $0.07 per share, in last year's third quarter.

The company said revenue for the quarter fell 29.3% to $5.17 million. This was down from $7.31 million last year.

China Recycling Energy Corp. earnings at a glance:

-Earnings (Q3): $3.27 Mln. vs. $4.77 Mln. last year. -Earnings Decline (Y-o-Y): -31.4% -EPS (Q3): $0.04 vs. $0.07 last year. -EPS Decline (Y-o-Y): -42.9% -Revenue (Q3): $5.17 Mln vs. $7.31 Mln last year. -Revenue Change (Y-o-Y): -29.3%