China Automotive Systems Inc Profit Advances In Q2

China Automotive Systems Inc (CAAS) reported a profit for its second quarter that increased from the same period last year.

The company's bottom line totaled $2.51 million, or $0.08 per share. This compares with $0.85 million, or $0.03 per share, in last year's second quarter.

Analysts had expected the company to earn $0.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 15.9% to $105.75 million from $125.78 million last year.

China Automotive Systems Inc earnings at a glance:

-Earnings (Q2): $2.51 Mln. vs. $0.85 Mln. last year.
-EPS (Q2): $0.08 vs. $0.03 last year.
-Analysts Estimate: $0.01
-Revenue (Q2): $105.75 Mln vs. $125.78 Mln last year.

Full year EPS guidance: $430 Mln

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