China Automotive Systems Inc (CAAS) revealed earnings for its first quarter that increased from the same period last year
The company's bottom line came in at $8.27 million, or $0.27 per share. This compares with $6.82 million, or $0.23 per share, in last year's first quarter.
The company's revenue for the quarter fell 2.0% to $139.39 million from $142.24 million last year.
China Automotive Systems Inc earnings at a glance (GAAP) :
-Earnings (Q1): $8.27 Mln. vs. $6.82 Mln. last year.-EPS (Q1): $0.27 vs. $0.23 last year.-Revenue (Q1): $139.39 Mln vs. $142.24 Mln last year.
-Guidance:Full year revenue guidance: Confirmed $605 mln
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.