SORL Auto Parts Inc. Q1 Profit Climbs

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

The company's bottom line totaled $8.97 million, or $0.46 per share. This compares with $8.27 million, or $0.43 per share, in last year's first quarter.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.4% to $136.22 million from $107.73 million last year.

SORL Auto Parts Inc. earnings at a glance:

-Earnings (Q1): $8.97 Mln. vs. $8.27 Mln. last year. -EPS (Q1): $0.46 vs. $0.43 last year. -Analysts Estimate: $0.27 -Revenue (Q1): $136.22 Mln vs. $107.73 Mln last year.