Motorcar Parts of America (MPAA) Misses Q1 EPS by 6c, Revenues Miss

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Motorcar Parts of America Reports Fiscal 2019 First Quarter Results

August 9, 2018 8:00 AM EDT

LOS ANGELES, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2019 first quarter ended June 30, 2018.

Net sales for the fiscal 2019 first quarter were $92.6 million compared with $95.5 million for the same period a year earlier -- reflecting various industry factors discussed below and during the fiscal year-end conference call, as well as additional factors highlighted below.

All results labeled as adjusted in this press release are non-GAAP measures as discussed more fully below under the heading Use of Non-GAAP Measures. 

Adjusted net sales for the fiscal 2019 first... More