Motorcar Parts of America Reports Fiscal 2020 Third Quarter Results

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Go back to Motorcar Parts of America Reports Fiscal 2020 Third Quarter Results

Motorcar Parts of America (MPAA) Misses Q3 EPS by 15c, Revenues Miss; Updated FY20 Revenue Outlook Below Consensus

February 10, 2020 8:03 AM EST

Motorcar Parts of America (NASDAQ: MPAA) reported Q3 EPS of $0.28, $0.15 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $127.7 million versus the consensus estimate of $139.1 million.

Net sales for the fiscal 2020 third quarter increased to $125.6 million for a record third quarter from $124.1 million for the same period a year earlier.

Adjusted net sales for the fiscal 2020 third quarter increased to $127.7 million for a record third quarter from $119.6 million a year earlier.

Notwithstanding industry sales softness and the deferral of certain product orders late in the quarter,... More