China Automotive Systems books strong Q4
Power steering components and systems supplier in China China Automotive Systems, Inc. (Nasdaq:CAAS) reported this morning that fourth-quarter revenues grew 36.3%, while net income surged 52.6%, as the company said it augmented market share, established economies-of-scale and expanded its customer portfolio. Shares climbed 11.5%, or $0.60, to $5.80 in pre-market trading.
For detailed price information and recent news stories about China Automotive Systems, click CAAS.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
Read More
(click a star)
Enter comment: