China Automotive Systems (CAAS) Misses Q4 EPS by 1c

China Automotive Systems (NASDAQ: CAAS) reported Q4 EPS of $0.18, $0.01 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $149.6 million versus the consensus estimate of $134.95 million.

• Net sales were $149.6 million, up 24.6% from $120.1 million in the fourth quarter of 2015
• Gross margin was 14.6% reflecting the impact of a charge for a projected $5 million product recall in 2016, versus 16.8% in the fourth quarter of 2015
• Net income attributable to parent company\'s common shareholders was $5.8 million, or diluted earnings per share of $0.18

For earnings history and earnings-related data on China Automotive Systems (CAAS) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Sun Communities names Ileana McAlary as general counsel and EVP
• Ridgepost Capital acquires Stellus Capital Management for $4B AUM