U.S. Auto Parts Network (PRTS) Tops Q2 EPS by 65c, Beats on Revenues
U.S. Auto Parts Network (NASDAQ: PRTS) reported Q2 EPS of $0.67, $0.65 better than the analyst estimate of $0.02. Revenue for the quarter came in at $80.2 million versus the consensus estimate of $79.23 million.
Second Quarter 2017 Financial Summary vs. Year-Ago Quarter
- Net sales increased 3% to $80.2 million compared to $78.0 million.
- Gross margin was 29.0% compared to 30.4%.
- Net income was $26.9 million, or $0.67 per diluted share, compared to $1.2 million or $0.03 per diluted share.
- Adjusted EBITDA (a non-GAAP measure defined below) was $3.8 million compared to $4.0 million.
- Ended the quarter with no revolver debt.
For earnings history and earnings-related data on U.S. Auto Parts Network (PRTS) click here.