U.S. Auto Parts Reports Second Quarter 2018 Results
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U.S. Auto Parts Network (PRTS) Misses Q2 EPS by 1c, Revenues Miss
August 8, 2018 4:36 PM EDTU.S. Auto Parts Network (NASDAQ: PRTS) reported Q2 EPS of ($0.02), $0.01 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $77 million versus the consensus estimate of $79.54 million.
Management Commentary
"During the second quarter, our sales and profitability were impacted by the customs issue discussed last quarter as well as a continued decline in e-commerce traffic. Although the seized automotive grilles accounted for less than 1% of our annual revenue, Customs was holding approximately 200 of our shipping containers that carried many of our other products and did not... More
