Shares of Sorl Auto Parts (SORL +7.5%) jumped out of the gate this morning after its Q3 bottom...

|About: SORL Auto Parts, Inc. (SORL)|By:, SA News Editor

Shares of Sorl Auto Parts (SORL +7.5%) jumped out of the gate this morning after its Q3 bottom line easily beat estimates, despite a slowdown in original equipment sales. Net income fell 4.2% Y/Y as sluggish new vehicle sales in China challenge its core revenue stream. The company noted however that the aging Chinese vehicle market is giving a boost to its aftermarket parts sales, and it raises FY earnings estimates to around $11.5M on sales of $191.4M.