U.S. Auto Parts Network (PRTS) Tops Q2 EPS by 2c

U.S. Auto Parts Network (NASDAQ: PRTS) reported Q2 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $78 million versus the consensus estimate of $79.28 million.

"The momentum from Q1 has carried into the second quarter," said Shane Evangelist, CEO of U.S. Auto Parts. "The continued focus on our higher-margin private label business, coupled with operational efficiencies, led to our second consecutive quarter of GAAP profitability and a 129% year-over-year increase in adjusted EBITDA. We also ended the quarter with no revolver debt and a cash net of revolver debt swing of $9 million from last year. "

For earnings history and earnings-related data on U.S. Auto Parts Network (PRTS) click here.

You May Also Be Interested In

• Citrini flags overheating concerns as leverage, chip rally weigh on KOSPI
• Qualcomm investor day to detail data center plans Wednesday
• UBS Reiterates Buy Rating on General Motors (GM) as Defense Opportunity in Focus