SORL Auto Parts Inc. Bottom Line Advances 220% In Q2

(RTTNews) - SORL Auto Parts Inc. (SORL) announced earnings for its second quarter that increased compared to the same period last year.

The company said its bottom line came in at $7.24 million, or $0.37 per share. This was up from $2.26 million, or $0.12 per share, in last year's second quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 24.1% to $73.54 million. This was up from $59.27 million last year.

SORL Auto Parts Inc. earnings at a glance:

-Earnings (Q2): $7.24 Mln. vs. $2.26 Mln. last year. -Earnings Growth (Y-o-Y): 220.4% -EPS (Q2): $0.37 vs. $0.12 last year. -EPS Growth (Y-o-Y): 208.3% -Analysts Estimate: $0.18 -Revenue (Q2): $73.54 Mln vs. $59.27 Mln last year. -Revenue Change (Y-o-Y): 24.1%