U.S. Auto Parts Network (PRTS) Tops Q2 EPS by 65c, Beats on Revenues

U.S. Auto Parts Network (NASDAQ: PRTS) reported Q2 EPS of $0.67, $0.65 better than the analyst estimate of $0.02. Revenue for the quarter came in at $80.2 million versus the consensus estimate of $79.23 million.

Second Quarter 2017 Financial Summary vs. Year-Ago Quarter

• Net sales increased 3% to $80.2 million compared to $78.0 million.
• Gross margin was 29.0% compared to 30.4%.
• Net income was $26.9 million, or $0.67 per diluted share, compared to $1.2 million or $0.03 per diluted share.
• Adjusted EBITDA (a non-GAAP measure defined below) was $3.8 million compared to $4.0 million.
• Ended the quarter with no revolver debt.

For earnings history and earnings-related data on U.S. Auto Parts Network (PRTS) click here.

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