China Automotive Systems (CAAS) Misses Q2 EPS by 3c
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China Automotive Systems Reports 2016 Second Quarter Financial Results
August 11, 2016 5:00 AM EDTWUHAN, China, Aug. 11, 2016 /PRNewswire/ -- 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, 2016.
Second Quarter 2016 Highlights
Net sales were $101.0 million, compared to $109.2 million in the second quarter of 2015; Net income attributable to parent company's common shareholders was $5.4 million, or diluted earnings per share of $0.17, compared to net income attributable to parent company's common shareholders of... More