Stocks Profile

China Automotive Systems Inc. (NASDAQ: CAAS) shares soared more than 36% in todays late trade on momentum stemming from its strong forecast for its fourth quarter of the year with an optimistic outlook about surpassing consensus estimates paired with preliminary fourth-quarter results.

China Automotive said it expects its annual revenue for 2011 to increase by 20% to $415.1 million, surpassing the analysts’ estimates of $398.3 million in revenue.

For the fourth quarter of 2010 the company reported record net sales up 20% to $100.5 million in the fourth quarter of 2010 from $83.8 million in the same quarter of 2009.

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Beauty products maker Estee Lauder on Thursday said it reversed a year-ago loss in the fourth quarter, but its fiscal 2011 forecast fell short of expectations, sending its shares plunging in premarket trading. New York-based Estee Lauder ( EL – news – people ) reported fiscal fourth quarter net income of $23.9 million, or 12 cents per share, compared with a net loss of $17.9 million, or 9 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 29 cents per share.

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