China Automotive Systems (CAAS) Tops Q2 EPS by 3c, Offers Outlook
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China Automotive Systems Reports 2015 Second Quarter Financial Results
August 13, 2015 5:00 AM EDTWUHAN, China, Aug. 13, 2015 /PRNewswire/Â -- China Automotive Systems, Inc. ("CAAS" or the "Company") (NASDAQ: CAAS), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2015.
Second Quarter 2015 Highlights
Net sales were $109.2 million, compared to $115.5 million in the second quarter of 2014; Gross margin was 20.0%, compared to 18.7% in the second quarter of 2014; Operating margin was 7.6%, compared to 14.3% in the second quarter of 2014. Excluding a... More