SORL Auto Parts Inc. Reveals 41% Gain In Q4 Earnings

(RTTNews) - SORL Auto Parts Inc. (SORL) reported a profit for its fourth quarter that increased from last year.

The company said its bottom line climbed to $8.3 million, or $0.43 per share. This was up from $5.9 million, or $0.31 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 45.7% to $82.9 million. This was up from $56.9 million last year.

SORL Auto Parts Inc. earnings at a glance:

-Earnings (Q4): $8.3 Mln. vs. $5.9 Mln. last year. -Earnings Growth (Y-o-Y): 40.7% -EPS (Q4): $0.43 vs. $0.31 last year. -EPS Growth (Y-o-Y): 38.7% -Analysts Estimate: $0.19 -Revenue (Q4): $82.9 Mln vs. $56.9 Mln last year. -Revenue Change (Y-o-Y): 45.7%

-Guidance: Full year revenue guidance: $300 Mln