at MarketWatch.com (Mar 29, 2012)
SORL Auto Parts (SORL -5.8%) goes out near its lows after missing on its Q2 top line earlier today. Net earnings dropped 40% Y/Y amid weak car sales in China and abroad. The Chinese maker of brake systems for commercial vehicles also lowered its guidance for the year, now expecting FY12 revenue to come in around $198M, below Street estimates of $210M. It also lowers its net income guidance to $11.1M from $14.6M.
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