Dorman Prods Q2 Adj EPS $1.01 Misses $1.04 Estimate, Sales $480.60M Miss $498.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dorman Prods (NASDAQ:DORM) reported Q2 adjusted earnings of $1.01 per share, missing the analyst consensus estimate of $1.04 by 2.88%. This is a 21.71% decrease from the same period last year. The company also reported quarterly sales of $480.60 million, missing the analyst consensus estimate of $498.10 million by 3.51%. However, this is a 15.14% increase from the same period last year.
August 01, 2023 | 11:06 am
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Dorman Prods reported lower than expected Q2 earnings and sales. Earnings per share decreased by 21.71% YoY, while sales increased by 15.14% YoY.
Dorman Prods missed analyst estimates for both earnings per share and sales. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100