China Automotive Systems (CAAS) Misses Q2 EPS by 11c; Lowers FY11 Revs Expectations
China Automotive Systems, Inc. (NASDAQ: CAAS) reported Q2 EPS of $0.16, $0.11 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $82.5 million versus the consensus estimate of $94.91 million.
Reflecting current conditions, management has lowered its guidance and now expects annual revenues to increase by 5% to 10% for 2011.
Reflecting current conditions, management has lowered its guidance and now expects annual revenues to increase by 5% to 10% for 2011.