Motorcar Parts of America Q4 Sales $189.48M Miss $198.60M Estimate; Company Exits Quarter With Cash And Equivalents Worth $13.974M
Portfolio Pulse from Benzinga Newsdesk
Motorcar Parts of America (NASDAQ:MPAA) reported Q4 sales of $189.48 million, missing the analyst estimate of $198.60 million by 4.59%. This represents a 2.70% decrease from the same period last year. The company exits the quarter with $13.974 million in cash and equivalents.
June 11, 2024 | 12:14 pm
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Motorcar Parts of America reported Q4 sales of $189.48 million, missing the analyst estimate of $198.60 million by 4.59%. This represents a 2.70% decrease from the same period last year. The company exits the quarter with $13.974 million in cash and equivalents.
The company's Q4 sales missed analyst estimates by 4.59% and showed a year-over-year decrease of 2.70%. This negative performance is likely to impact the stock price negatively in the short term. However, the company maintains a cash position of $13.974 million, which may provide some stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100