SORL Auto Parts Inc. Reports 1509% Rise In Q1 Bottom Line

(RTTNews) - SORL Auto Parts Inc. (SORL) revealed earnings for its first quarter that advanced from last year.

The company said its bottom line climbed to $6.92 million, or $0.36 per share. This was up from $0.43 million, or $0.02 per share, in last year's first quarter.

Analysts had expected the company to earn $0.15 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 37.2% to $73.89 million. This was up from $53.84 million last year.

SORL Auto Parts Inc. earnings at a glance:

-Earnings (Q1): $6.92 Mln. vs. $0.43 Mln. last year. -Earnings Growth (Y-o-Y): 1509.3% -EPS (Q1): $0.36 vs. $0.02 last year. -EPS Growth (Y-o-Y): 1700% -Analysts Estimate: $0.15 -Revenue (Q1): $73.89 Mln vs. $53.84 Mln last year. -Revenue Change (Y-o-Y): 37.2%

-Guidance: Full year revenue guidance: $315 Mln