SORL Auto Parts Inc. Reports 58% Advance In Q3 Earnings

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

The company said its bottom line totaled $3.24 million, or $0.17 per share. This was up from $2.05 million, or $0.11 per share, in last year's third quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 23.0% to $61.88 million. This was up from $50.32 million last year.

SORL Auto Parts Inc. earnings at a glance:

-Earnings (Q3): $3.24 Mln. vs. $2.05 Mln. last year. -Earnings Growth (Y-o-Y): 58.0% -EPS (Q3): $0.17 vs. $0.11 last year. -EPS Growth (Y-o-Y): 54.5% -Analysts Estimate: $0.16 -Revenue (Q3): $61.88 Mln vs. $50.32 Mln last year. -Revenue Change (Y-o-Y): 23.0%

-Guidance: Full year revenue guidance: $255 Mln