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SORL Auto Parts Inc. Q3 Earnings Rise 165%

SORL Auto Parts Inc. (SORL) released a profit for its third quarter that rose from last year.

The company said its bottom line climbed to $9.54 million, or $0.44 per share. This was up from $3.60 million, or $0.17 per share, in last year's third quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 59.0% to $101.33 million. This was up from $63.71 million last year.

SORL Auto Parts Inc. earnings at a glance:

-Earnings (Q3): $9.54 Mln. vs. $3.60 Mln. last year.
-Earnings Growth (Y-o-Y): 165.0%
-EPS (Q3): $0.44 vs. $0.17 last year.
-EPS Growth (Y-o-Y): 158.8%
-Analysts Estimate: $0.18
-Revenue (Q3): $101.33 Mln vs. $63.71 Mln last year.
-Revenue Change (Y-o-Y): 59.0%

Full year revenue guidance: $370.0 Mln

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