Motorcar Parts of America (MPAA) Tops Q1 EPS by 12c
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Motorcar Parts of America Reports Fiscal 2017 First Quarter Results
August 9, 2016 8:01 AM EDTLOS ANGELES, Aug. 09, 2016 (GLOBE NEWSWIRE) -- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2017 first quarter, reflecting record profitability. Subsequent to the end of the quarter, the company announced the launch of its new brake power booster product line and the acquisition of a turbocharger business.
Net sales for the fiscal 2017 first quarter were $85.4 million compared with $85.8 million for the same period a year earlier. The companys sales performance for the fiscal 2017 first quarter reflects continued strength of its rotating electrical and wheel hub business, as well as... More
