China Automotive Systems: Q2 Earnings Snapshot
In this article:
JINGZHOU, China (AP) — JINGZHOU, China (AP) — China Automotive Systems Inc. (CAAS) on Friday reported second-quarter earnings of $10.5 million.
On a per-share basis, the Jingzhou, China-based company said it had net income of 35 cents.
The auto parts supplier posted revenue of $137.4 million in the period.
China Automotive Systems expects full-year revenue of $560 million.
China Automotive Systems shares have decreased 9% since the beginning of the year. The stock has increased 79% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAAS at https://www.zacks.com/ap/CAAS
