China Automotive Systems Q2 EPS $0.35 Up From $0.31 YoY, Sales $137.41M Miss $140.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
China Automotive Systems (NASDAQ:CAAS) reported Q2 earnings of $0.35 per share, a 12.9% increase YoY. However, the company's quarterly sales of $137.41M missed the analyst consensus estimate of $140.72M by 2.35%.
August 11, 2023 | 10:02 am
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China Automotive Systems reported a YoY increase in Q2 earnings but missed sales estimates. This mixed result could lead to uncertainty in the market.
China Automotive Systems reported a YoY increase in Q2 earnings, which is positive for the stock. However, the company missed sales estimates, which is a negative factor. These mixed results could lead to uncertainty in the market, potentially impacting the stock price.
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