Sorl Auto Parts (SORL) Misses Q3 EPS by 9c; Trims FY15 Outlook

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Go back to Sorl Auto Parts (SORL) Misses Q3 EPS by 9c; Trims FY15 Outlook

SORL Auto Parts Reports Third-Quarter 2015 Financial Results

November 16, 2015 6:00 AM EST

ZHEJIANG, China, Nov. 16, 2015 /PRNewswire/ -- SORL Auto Parts, Inc. (SORL) ("SORL" or the "Company"), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced today its unaudited financial results for the third quarter and nine-month periods ended September 30, 2015.

Third Quarter 2015 Financial Highlights

Net Sales were $50.3 million in the third quarter of 2015 compared to $58.7 million in the third quarter of 2014; Gross margin for the third quarter of 2015 increased to 27.2%, compared with a gross margin of 26.3% for... More