China Automotive Systems (CAAS) Misses Q2 EPS by 9c, Revenues Miss
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/1/2026
- Equities turn higher as Treasury yields drop from highs
- Fed’s Jefferson sees no urgency for another rate increase
- Oil jumps 4% on reports China halts fuel exports, US troops head to Middle East
- Amazon and these four U.S. stocks are latest additions to Goldman’s flagship list
- Anthropic targets mid-November for public debut - report
- Zimbabwe helicopter crash kills six, government spokesperson says
- Apple's iOS 27 is blocking Trade Desk ads on Safari, analyst says
- DataMeds AI's Corexa Pharmacy tops $1M in monthly revenue
- S&P 500 dips, Nasdaq higher after data shows moderate inflation rise
- Micron Technology (MU) Tops Q4 EPS by $2.26, Offers Guidance
China Automotive Systems Reports 2020 Second Quarter Unaudited Financial Results
August 14, 2020 6:00 AM EDTWUHAN, China, Aug. 14, 2020 /PRNewswire/ -- China Automotive Systems, Inc. ("CAAS" or the "Company") (NASDAQ: CAAS), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2020.
 Second Quarter 2020 Highlights
Net sales were $83.2 million as compared to $105.7 million in the second quarter of 2019; Gross profit was $7.8 million and the gross margin decreased to 9.4% from 14.4% in the second quarter of 2019; Loss from operations was $5.2 million compared with income from operations of... More