Motorcar Parts of America Q1 Sales $169.900M Miss $172.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Motorcar Parts of America (NASDAQ:MPAA) reported Q1 sales of $169.900 million, missing the analyst consensus estimate of $172.500 million by 1.51%. However, this represents a 6.38% increase over the same period last year.
August 08, 2024 | 12:02 pm
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Motorcar Parts of America reported Q1 sales of $169.900 million, missing the analyst consensus estimate of $172.500 million by 1.51%. Despite the miss, sales increased by 6.38% YoY.
The slight miss in sales estimates may cause a neutral to slightly negative short-term reaction in the stock price. However, the YoY increase in sales could mitigate some of the negative sentiment.
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