SORL Auto Parts Inc. Earnings Climb In Q1

(RTTNews) - SORL Auto Parts Inc. (SORL) revealed a profit for its first quarter that advanced from the same period last year.

The company's earnings totaled $8.27 million, or $0.43 per share. This compares with $6.92 million, or $0.36 per share, in last year's first quarter.

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

The company's revenue for the quarter rose 44.1% to $107.73 million from $74.75 million last year.

SORL Auto Parts Inc. earnings at a glance:

-Earnings (Q1): $8.27 Mln. vs. $6.92 Mln. last year. -EPS (Q1): $0.43 vs. $0.36 last year. -Analysts Estimate: $0.19 -Revenue (Q1): $107.73 Mln vs. $74.75 Mln last year.