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:

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.