Dorman Prods Q4 2023 Adj EPS $1.57 Beats $1.41 Estimate, Sales $494.30M Miss $496.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dorman Products (DORM) reported Q4 2023 adjusted EPS of $1.57, surpassing the $1.41 estimate, but its sales of $494.30M fell short of the $496.72M estimate, marking a 1.39% decrease from the previous year.
February 26, 2024 | 9:35 pm
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Dorman Products reported a higher-than-expected Q4 EPS but missed sales estimates, showing a slight year-over-year decline.
The mixed results with an EPS beat but a slight miss on sales forecasts could lead to neutral market reactions. Investors might appreciate the earnings beat, but concerns over the sales miss and year-over-year decline could temper optimism.
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