U.S. Auto Parts Network (PRTS) Tops Q3 EPS by 1c
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U.S. Auto Parts Reports Third Quarter 2016 Results
November 1, 2016 7:30 AM EDTCARSON, Calif., Nov. 1, 2016 /PRNewswire/ -- U.S. Auto Parts Network, Inc. (NASDAQ: PRTS), one of the largest online providers of aftermarket automotive parts and accessories, reported results for the third quarter ended October 1, 2016. All information and data excludes AutoMD unless specifically noted.
Third Quarter 2016Â Financial Highlights vs. Year-Ago Quarter
Net sales up 4% to $73.5 million Gross margin increased 80 basis points to 30.5% Net income remained relatively flat at $0.4 million, or $0.01 per diluted share Adjusted EBITDA (a non-GAAP measure defined below) increased 10% to $3.1 million Ended... More