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

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/31/2026

1. INTC
2. AMZN
3. RDDT
4. PINS
5. COIN
6. FSLR
7. SYK
8. GILD
9. SBUX
10. SNDK

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