China XD posts 3Q profit

DALIAN, China (AP) _ China XD Plastics Co. (CXDC) on Thursday reported third-quarter net income of $14.1 million. On a per-share basis, the Dalian, China-based company said it had net income of 21 cents. The maker of plastics used in automobiles posted revenue of $311.4 million in the period. ...

DALIAN, China (AP) _ China XD Plastics Co. (CXDC) on Thursday reported third-quarter net income of $14.1 million.

On a per-share basis, the Dalian, China-based company said it had net income of 21 cents.

The maker of plastics used in automobiles posted revenue of $311.4 million in the period.

China XD expects full-year revenue in the range of $1.2 billion to $1.3 billion.

The company's shares closed at $4.85. A year ago, they were trading at $4.30.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXDC at https://www.zacks.com/ap/CXDC

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