CBAK Energy Tech Q1 EPS $(0.10) Misses $(0.05) Estimate, Sales $69.618M Miss $70.230M Estimate

CBAK Energy Technology, Inc.

CBAK Energy Technology, Inc.

CBAT

0.00

CBAK Energy Tech (NASDAQ: CBAT) reported quarterly losses of $(0.10) per share which missed the analyst consensus estimate of $(0.05) by 100 percent. This is a 400 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $69.618 million which missed the analyst consensus estimate of $70.230 million by 0.87 percent. This is a 99.26 percent increase over sales of $34.939 million the same period last year.