China Automotive Systems (CAAS) Tops Q3 EPS by 7c, Revenues Beat; Raises FY20 Revenue Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
China Automotive Systems Reports Unaudited 2020 Third Quarter Results
November 12, 2020 6:00 AM ESTWUHAN, China, Nov. 12, 2020 /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 third quarter and nine months ended September 30, 2020.
 Third Quarter 2020 Highlights
Net sales increased 13.8% to $114.4 million compared with $100.5 million in the third quarter of 2019; Gross profit decreased to $13.6 million and gross margin declined to 11.9% from 17.2% in the third quarter of 2019; Income from operations was $0.1 million compared to income from operations of $4.4... More