China Automotive Systems Inc Bottom Line Drops In Q3

China Automotive Systems Inc (CAAS) revealed earnings for third quarter that fell from the same period last year.

The company's bottom line totaled $1.51 million, or $0.08 per share. This compares with $4.20 million, or $0.14 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 rose 13.8% to $114.42 million from $100.54 million last year.

China Automotive Systems Inc earnings at a glance:

-Earnings (Q3): $1.51 Mln. vs. $4.20 Mln. last year.
-EPS (Q3): $0.08 vs. $0.14 last year.
-Analysts Estimate: $0.01
-Revenue (Q3): $114.42 Mln vs. $100.54 Mln last year.

Full year revenue guidance: $360 - $390 Mln

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