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China Automotive Systems Inc Profit Declines In Q1

China Automotive Systems Inc (CAAS) announced earnings for first quarter that declined from last year.

The company's earnings came in at $4.03 million, or $0.14 per share. This compares with $5.94 million, or $0.18 per share, in last year's first quarter.

Analysts had expected the company to earn $0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.3% to $134.02 million from $119.31 million last year.

China Automotive Systems Inc earnings at a glance:

-Earnings (Q1): $4.03 Mln. vs. $5.94 Mln. last year.
-EPS (Q1): $0.14 vs. $0.18 last year.
-Analysts Estimate: $0.21
-Revenue (Q1): $134.02 Mln vs. $119.31 Mln last year.

-Guidance:
Full year revenue guidance: $520 Mln

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