CBAK Energy Tech Q1 EPS $0.11 Beats $(0.01) Estimate, Sales $58.82M Miss $62.78M Estimate

CBAK Energy Tech (NASDAQ:CBAT) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $(0.01) by 1200 percent. This is a 650 percent increase over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $58.82 million which missed the analyst consensus estimate of $62.78 million by 6.30 percent. This is a 38.74 percent increase over sales of $42.40 million the same period last year.