Spartan Motors Reports Third Quarter 2018 Results
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Spartan Motors (SPAR) Misses Q3 EPS by 8c, Revenues Miss; Lowers FY18 EPS Outlook Below Consensus
October 31, 2018 7:41 AM EDTSpartan Motors (NASDAQ: SPAR) reported Q3 EPS of $0.17, $0.08 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $226.2 million versus the consensus estimate of $227.27 million.
Sales increased $37.0 million, or 19.6%, to $226.2 million, from $189.2 million.Gross profit margin decreased 350 basis points to 11.6% of sales, from 15.1% of sales.Net income decreased $8.3 million, or 61.5%, to $5.2 million, or $0.15 per share, from $13.5... More