China Automotive Systems (CAAS) Misses Q3 EPS by 10c
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China Automotive Systems Reports Third Quarter 2015 Results
November 12, 2015 6:02 AM ESTWUHAN, China, Nov. 12, 2015 /PRNewswire/ -- China Automotive Systems, Inc. ("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, 2015.
Third Quarter 2015 Highlights
Net sales were $90.8 million, compared to $101.7 million in the third quarter of 2014. Gross margin was 17.5%. Net income attributable to parent company's common shareholders was $4.3 million, or diluted earnings per share of $0.13, compared to net income attributable to parent company's common shareholders of $6.7 million, or diluted earnings per... More