Motorcar Parts of America (MPAA) Misses Q1 EPS by 8c, Revenues Beat

Motorcar Parts of America (NASDAQ: MPAA) reported Q1 EPS of ($0.16), $0.08 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $95.4 million versus the consensus estimate of $86.52 million.

“Notwithstanding the sharp drop in demand in April due to the global pandemic, the rebound of demand for our products for the balance of the quarter was better than expected -- reflecting sequential gains in monthly sales, with June exceeding the prior year,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.

For earnings history and earnings-related data on Motorcar Parts of America (MPAA) click here.

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