China Automotive Systems Inc Q3 Earnings Rise

China Automotive Systems Inc (CAAS) announced a profit for its third quarter that rose from the same period last year.

The company's bottom line totaled $4.25 million, or $0.13 per share. This compares with $0.38 million, or $0.01 per share, in last year's third 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 10.3% to $100.54 million from $112.08 million last year.

China Automotive Systems Inc earnings at a glance:

-Earnings (Q3): $4.25 Mln. vs. $0.38 Mln. last year.
-EPS (Q3): $0.13 vs. $0.01 last year.
-Analysts Estimate: $0.01
-Revenue (Q3): $100.54 Mln vs. $112.08 Mln last year.

Full year revenue guidance: $430 Mln

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