Motorcar Parts of America Q1 Adj $0.04 Misses $0.13 Estimate, Sales $159.71M Miss $172.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Motorcar Parts of America (NASDAQ:MPAA) reported Q1 losses of $(0.07) per share, missing the analyst consensus estimate of $0.13 by 153.85%. The company also reported quarterly sales of $159.70 million, missing the analyst consensus estimate of $172.20 million by 7.26%. This represents a decrease in earnings and sales compared to the same period last year.
August 09, 2023 | 12:07 pm
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Motorcar Parts of America's Q1 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Motorcar Parts of America reported lower than expected earnings and sales for Q1. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100