Sorl Auto Parts (SORL) Tops Q3 EPS by 1c

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Go back to Sorl Auto Parts (SORL) Tops Q3 EPS by 1c

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 EST

ZHEJIANG, 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