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, 10/1/2026
- Equities rebound to close higher as surging Treasury yields recede
- 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
- Trump Media and TAE Technologies file S-4 for all-stock merger
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