Motorcar Parts of America (MPAA) Misses Q3 EPS by 15c, Revenues Miss; Updated FY20 Revenue Outlook Below Consensus
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Motorcar Parts of America Reports Fiscal 2020 Third Quarter Results
February 10, 2020 8:00 AM EST--Strong Positive Cash Flow Highlights the Quarter; Sales up 12 Percent for Nine Months--
LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2020 third quarter ended December 31, 2019 -- reflecting profitability, generation of cash flow from operations of $22 million during the fiscal third quarter and margin improvement.
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... More
