Sorl Auto Parts (SORL) Reports Q3 EPS of $0.28, Slight Miss on Revenues; Reiterates FY18 Revenue Guidance Below Consensus

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Go back to Sorl Auto Parts (SORL) Reports Q3 EPS of $0.28, Slight Miss on Revenues; Reiterates FY18 Revenue Guidance Below Consensus

SORL Auto Parts Announces Third Quarter Record High Sales in 2018

November 14, 2018 4:28 PM EST

ZHEJIANG, China, Nov. 14, 2018 /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, 2018.

Third Quarter 2018 Financial Highlights

Net sales increased by 7.2% to a third quarter record high of $108.6 million compared to $101.3 million in the third quarter of 2017; Gross margin for the third quarter of 2018 was 24.3%; Income... More