Chindex International Inc. (NASDAQ: CHDX), which sells medical products in China, said Monday its second-quarter profit fell as revenue remained flat and taxes rose, according to Associated Press.
Chindex earned $538,000, or 3 cents per share, down from profit of $862,000, or 5 cents per share, during the same period a year prior. Revenue remained flat at $38.1 million.
Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter
Product sales fell 10 percent to $17.1 million. Health care services revenue rose 10 percent to $21 million.
Chindex's income tax provision quadrupled from last year to about $1 million.
President and CEO Roberta Lipson said the medical products unit faced regulatory delays on high-value equipment purchases.
Shares of Chindex fell $2.65, or 16.4 percent, to $13.56 in morning trading. The stock has traded between $3.50 and $16.46 over the last 52 weeks.
Sign up for the free Best Damn Penny Socks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website
About Best Damn Penny Stocks
Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
