Benzinga | Aug 14, 2020 06:02AM EDT

China Automotive Systems Q2 EPS $(0.13) Misses $(0.04) Estimate, Sales $83.20M Miss $87.03M Estimate

China Automotive Systems (NASDAQ:CAAS) reported quarterly losses of $(0.13) per share which missed the analyst consensus estimate of $(0.04) by 225 percent. This is a 262.5 percent decrease over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $83.20 million which missed the analyst consensus estimate of $87.03 million by 4.40 percent. This is a 21.32 percent decrease over sales of $105.75 million the same period last year.