Sorl Auto Parts (SORL) Tops Q3 EPS by 1c
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SORL Auto Parts Reports Increases in Earnings per Share and Net Sales in the Third Quarter Results of 2016
November 14, 2016 6:30 AM ESTZHEJIANG, China, Nov. 14, 2016 /PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ: 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, 2016.
Third Quarter 2016 Financial Highlights
Net Sales increased by 23.0% to $61.9 million in the third quarter of 2016 compared to $50.3 million in the third quarter of 2015; Gross margin for the third quarter of 2016 was 30.1%, compared with a gross... More