Motorcar Parts of America (MPAA) Misses Q3 EPS by 15c
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Motorcar Parts of America Reports Fiscal 2018 Third Quarter Results
February 9, 2018 8:00 AM ESTLOS ANGELES, Feb. 09, 2018 (GLOBE NEWSWIRE) -- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2018 third quarter and nine-months -- reflecting slower than expected sales due to unusually soft demand in the industry and customer inventory reduction programs, with more robust sales activity in the current fourth quarter.
Net sales for the fiscal 2018 third quarter were $100.1 million compared with $112.6 million for the same period a year earlier. The companys sales and profit performance for the prior fiscal third quarter reflects the benefits of recognizing a $9.3 million... More
