Wire
Cango Q2 Loss Narrows, Revenue Falls; Shares Drop After Hours
Cango (CANG) reported a Q2 loss from continuing operations late Monday of $1.99 per diluted share, narrowing from the loss of $15.67 a year earlier.One analyst polled by FactSet expected a loss of $0.91.Revenue in the three months ended June 30 fell to $50.8 million from $139.8 million a year earlier.Two analysts projected $60.7 million.Cango shares fell 9.6% in after-hours trading.
$CANG
