Wonder Auto Technology Group continues to beat Expectations

Wonder Auto Technology Q2 profit rises; sales up 55.6% - Quick Facts 8/6/2008 7:41 PM ET

Stocks Pare Losses On Housing Data - U.S. Commentary (RTTNews) - Wonder Auto Technology Inc. (WATG: News, Chart, Quote ) posted second quarter net income of $5.3 million or $0.20 per share, compared to $3.8 million or $0.16 per share in the year-ago quarter.Sales revenue for the quarter rose 55.6% to $36.7 million from $23.6 million in the last year quarter.Four analysts polled by First Call/Thomson Financial expected the company to report loss of $0.19 per share on revenues of $35.14 million.For the third quarter, the Company expects sales revenues to grow strongly to $39.0 million with the gross margin to exceed 25.5%.On average, analysts estimate revenue of $39.03 million for the third quarter. by RTT Staff WriterFor comments and feedback: contact editorial@rttnews.com