CBAK Energy Tech Q1 EPS $(0.02) Down From $0.11 YoY, Sales $34.94M Miss $52.16M Estimate

CBAK Energy Tech (NASDAQ: CBAT) reported quarterly losses of $(0.02) per share. This is a 118.18 percent decrease over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $34.94 million which missed the analyst consensus estimate of $52.16 million by 33.02 percent. This is a 40.60 percent decrease over sales of $58.82 million the same period last year.