China Automotive Systems Inc Reveals Fall In Q1 Profit

China Automotive Systems Inc (CAAS) reported earnings for first quarter that decreased from last year

The company's earnings totaled $7.12 million, or $0.24 per share. This compares with $8.27 million, or $0.27 per share, last year.

The company's revenue for the period rose 19.9% to $167.09 million from $139.39 million last year.

China Automotive Systems Inc earnings at a glance (GAAP) :

-Earnings: $7.12 Mln. vs. $8.27 Mln. last year.
-EPS: $0.24 vs. $0.27 last year.
-Revenue: $167.09 Mln vs. $139.39 Mln last year.

-Guidance:
Full year revenue guidance: $700 Mln

by RTTNews Staff Writer

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