China Automotive Systems (CAAS) Misses Q4 EPS by 15c, Revenues Miss; Offers FY19 Revenue Guidance Below Consensus
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China Automotive Systems Reports Fourth Quarter and Fiscal 2018 Results
March 28, 2019 6:00 AM EDTWUHAN, China, March 28, 2019 /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 fourth quarter and the audited results for the fiscal year ended December 31, 2018.
Fourth Quarter 2018 Highlights
Net sales were $124.3 million compared to $143.7 million in the fourth quarter of 2017 Net 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... More