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:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 0.07 | 0.04 | -0.05 | 0.07 |
EPS Actual | 0.14 | 0.24 | 0.31 | 0 |
Revenue Estimate | 138.46M | 120.56M | 104.39M | 126.27M |
Revenue Actual | 128.80M | 137.21M | 127.16M | 136.40M |
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.