China Automotive Systems: 3Q Earnings Snapshot
JINGZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Tuesday reported third-quarter net income of $4.2 million.
On a per-share basis, the Jingzhou, China-based company said it had profit of 13 cents.
The auto parts supplier posted revenue of $100.5 million in the period.
China Automotive Systems expects full-year revenue of $430 million.
The company’s shares closed at $2. A year ago, they were trading at $2.21.