China Automotive Systems (CAAS) Reports Q3 EPS of $0.01, Revenues Miss; Lowers FY18 Revenue Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
China Automotive Systems Reports Unaudited 2018 Third Quarter Results
November 9, 2018 6:00 AM ESTWUHAN, China, Nov. 9, 2018 /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 third quarter and nine months ended September 30, 2018.
Third Quarter 2018 Highlights
Net sales were $112.1 million compared to $118.4 million in the third quarter of 2017; Gross margin decreased to $15.4 million from $22.5 million, and the gross margin declined to 13.7% from 19.0% in the third quarter of 2017; Income from operations was $1.8 million, with an operating... More