China Automotive Systems: Q1 Earnings Insights - China Automotive Systems (NASDAQ:CAAS)

China Automotive Systems 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.

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.

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.