China Automotive Systems Reports Fourth Quarter and Fiscal 2019 Results

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Go back to China Automotive Systems Reports Fourth Quarter and Fiscal 2019 Results

China Automotive Systems (CAAS) Tops Q4 EPS by 2c, Revenues Beat

May 14, 2020 6:03 AM EDT

China Automotive Systems (NASDAQ: CAAS) reported Q4 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $115.9 million versus the consensus estimate of $111.3 million.

Fourth Quarter 2019 Highlights

Net sales were $115.9 million compared with $124.3 million in the fourth quarter of 2018Gross profit was $16.8 million compared with $11.4 million in the fourth quarter of 2018; gross margin was 14.5% compared with 9.6% in the fourth quarter of 2018Net income attributable to parent company's common shareholders was $1.7 million, or diluted income per share of $0.06, compared to a net... More