Sorl Auto Parts (SORL) Tops Q2 EPS by 6c, Reiterates Outlook

Sorl Auto Parts (NASDAQ: SORL) reported Q2 EPS of $0.35, $0.06 better than the analyst estimate of $0.29. Revenue for the quarter came in at $128.5 million versus the consensus estimate of $106.44 million.

Outlook:

For the fiscal year 2018, management has reiterated its expectation for annual net sales to be approximately $450 million and net income to be approximately $28.0 million. These targets are based on the Company's current views on the operating and market conditions, which are subject to change.

For earnings history and earnings-related data on Sorl Auto Parts (SORL) click here.

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