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China Automotive Systems: Q1 Earnings Insights

Benzinga ·  May 12, 2023 18:05

China Automotive Systems (NASDAQ:CAAS) reported its Q1 earnings results on Friday, May 12, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

China Automotive Systems beat estimated earnings by 91.67%, reporting an EPS of $0.23 versus an estimate of $0.12.

Revenue was up $5.85 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.07 which was followed by a 7.84% increase in the share price the next day.

Here's a look at China Automotive Systems's past performance:

QuarterQ4 2022Q3 2022Q2 2022Q1 2022
EPS Estimate0.070.04-0.050.07
EPS Actual0.140.240.310
Revenue Estimate138.46M120.56M104.39M126.27M
Revenue Actual128.80M137.21M127.16M136.40M

To track all earnings releases for China Automotive Systems visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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