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China Automotive Systems: 2Q Earnings Snapshot

August 8, 2019

JINGZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Thursday reported second-quarter profit of $2.5 million.

On a per-share basis, the Jingzhou, China-based company said it had profit of 8 cents.

The auto parts supplier posted revenue of $105.7 million in the period.

China Automotive Systems expects full-year revenue of $430 million.

The company’s shares closed at $2.01. A year ago, they were trading at $4.40.

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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

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