Dorman Prods Q3 Adj EPS $1.40 Misses $1.60 Estimate, Sales $488.20M Beat $487.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dorman Prods (NASDAQ:DORM) reported Q3 adjusted earnings of $1.40 per share, missing the analyst consensus estimate of $1.60 by 12.5%. However, the company's quarterly sales of $488.20 million beat the estimate of $487.26 million by 0.19%. The earnings and sales figures represent a 19.66% and 18.07% increase respectively from the same period last year.
October 31, 2023 | 11:01 am
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Dorman Prods missed Q3 earnings estimates but beat sales estimates. This mixed result could lead to uncertain short-term price movements.
Dorman Prods' Q3 earnings miss could negatively impact the stock price, while the sales beat could provide some upward pressure. The net effect is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100