China Automotive Systems (CAAS) Misses Q1 EPS by 1c
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China Automotive Systems Reports 2017 First Quarter Results
May 11, 2017 6:30 AM EDTWUHAN, China, May 11, 2017 /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 unaudited first quarter ended March 31, 2017.
First Quarter 2017 Highlights
Net sales were $119.3 million, up 2.1% from $116.9 million in the first quarter of 2016 Gross margin was 18.1%, consistent with 18.0% in the first quarter of 2016 Net income attributable to parent company's common shareholders was $5.7 million, or diluted earnings per share of $0.18, in... More