The impressive Q3 financial report was unable to prevent the stock price from experiencing three consecutive declines at a high level. What is happening with china automotive systems (CAAS.US)?
On November 13, china automotive systems disclosed its Q3 financial report before the market opened, showing a year-on-year revenue growth of 19.4%. At the same time, the company's management raised the full-year revenue guidance to 0.63 billion dollars. However, despite this better performance in the financial report, the secondary market reacted in completely opposite ways.
China Automotive Systems, Inc. (CAAS) Q3 2024 Earnings Call Transcript Summary
China Automotive Systems (CAAS.US) reported a 19.4% year-on-year revenue growth in Q3 and raised its full-year revenue guidance to 0.63 billion dollars.
China automotive systems announced its performance for the third quarter of 2024.
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