India, Nov. 12 -- Cardinal Infrastructure Group Inc. (CDNL) plunged 61.21 percent, losing $9.18 to $5.81 on Thursday. Third-quarter revenue increased 65 percent to $201.93 million from $122.32 million, but the company reported a net loss of $10.96 million compared with net income of $10.11 million a year earlier. Net loss attributable to Cardinal was $4.40 million, versus income of $7.09 million, while loss per share was $0.21 compared with earnings of $0.22.
The stock opened at $7.59 and traded between $5.53 and $7.83, compared with the previous close of $14.99 on the Nasdaq. Volume reached 7.15 million shares, against an average of 882,935.
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