Pre-market: SORL Auto Parts gains on Q1 EPS that beat sole analyst estimate
Shares of SORL Auto Parts, Inc. (Nasdaq: SORL) are gaining ground ahead of the opening bell after the Chinese manufacturer of commercial vehicle air brake valves and auto parts reported first-quarter earnings this morning that clocked in higher than a sole analyst’s estimate. Revenues increased roughly 26% in the quarter; however fell short of the Street’s view.
Shares jumped 8%, or $0.50, to $6.42 in pre-market trading. For detailed price information and recent news stories about SORL Auto Parts, click SORL.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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