China Automotive Systems Reports Record First-Quarter Net Sales and 25.6% Increase in Net Income

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Go back to China Automotive Systems Reports Record First-Quarter Net Sales and 25.6% Increase in Net Income

China Automotive Systems (CAAS) Tops Q1 EPS by 3c

May 14, 2015 6:27 AM EDT

China Automotive Systems (NASDAQ: CAAS) reported Q1 EPS of $0.26, $0.03 better than the analyst estimate of $0.23. Revenue for the quarter came in at $123.4 million versus the consensus estimate of $126.44 million.

As of March 31, 2015, total cash and cash equivalents and short-term investments were $105.0 million, compared to $109.5... More