Motorcar Parts of America Reports Q3 Fiscal Results Missing Earnings and Revenue Estimates
Motorcar Parts of America (MPAA) reported third-quarter fiscal results that fell significantly short of analyst expectations. The company posted a GAAP earnings per share (EPS) of -$0.03, missing consensus estimates by $0.33. Revenue for the quarter reached $169.2 million, representing a 23.6% year-over-year decline and missing estimates by approximately $32 million. This sharp contraction in net sales follows a prior quarter where revenue stood at $221.5 million.
Tickers: $MPAA
Topics: EPS miss quarterly earnings revenue decline
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