Investing.com - China Automotive reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
China Automotive announced earnings per share of $0.240 on revenue of $137.2M. Analysts polled by Investing.com anticipated EPS of $0.040 on revenue of $120.56M.
China Automotive shares are up 49% from the beginning of the year, still down 21.87% from its 52 week high of $5.12 set on August 24.
China Automotive follows other major Consumer Discretionary sector earnings this month
China Automotive's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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