China Automotive Systems (CAAS) Misses Q1 EPS by 4c
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China Automotive Systems Reports 2016 First Quarter Results
May 12, 2016 6:00 AM EDTWUHAN, China, May 12, 2016 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Highlights
Net sales were $116.9 million, compared to $123.4 million in the first quarter of 2015; Gross margin was 18.0%, compared with 17.6% in the first quarter of 2015; Net income attributable to parent company's common shareholders was $5.7 million, or diluted earnings per share of $0.18, compared to net income... More