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Wednesday's Winners & Losers: Virgin Mobile

05/14/08 - 04:29 PM EDT

TSC Staff

China Automotive Systems (CAAS - Cramer's Take - Stockpickr), which makes power steering systems for autos, reported that its first-quarter income more than doubled year over year to $4.4 million, or 18 cents a share. Revenue also increased 46% year over year to $41.5 million, the Jing Zhou City, China, firm announced. Shares rocketed up 25% to $6.85.

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This article was written by a staff member of TheStreet.com.

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