Motorcar Parts of America shares are trading lower after the company reported worse-than-expected Q4 sales results and issued FY25 net sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Motorcar Parts of America shares are trading lower after the company reported worse-than-expected Q4 sales results and issued FY25 net sales guidance below estimates.
June 11, 2024 | 4:12 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Motorcar Parts of America reported Q4 sales results that were worse than expected and issued FY25 net sales guidance below estimates, leading to a drop in share price.
The company's disappointing Q4 sales results and lower-than-expected FY25 net sales guidance are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100