China Automotive Systems Reports Fourth Quarter and Fiscal 2018 Results
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China Automotive Systems (CAAS) Misses Q4 EPS by 15c, Revenues Miss; Offers FY19 Revenue Guidance Below Consensus
March 28, 2019 6:07 AM EDTChina Automotive Systems (NASDAQ: CAAS) reported Q4 EPS of ($0.10), $0.15 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $124.7 million versus the consensus estimate of $137.4 million.
Fourth Quarter 2018 Highlights
Net sales were $124.3 million compared to $143.7 million in the fourth quarter of 2017Net loss attributable to parent company's common shareholders was $3.2 million, or diluted loss per share of $0.10, compared to a net loss of $39.0 million, or diluted loss per share of $1.23, in the fourth quarter of 2017, reflected a one-time corporate tax accrual of $35.6 million recognized in... More