Motorcar Parts of America (MPAA) Misses Q3 EPS by 3c, Revenues Beat

Motorcar Parts of America (NASDAQ: MPAA) reported Q3 EPS of $0.35, $0.03 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $119.6 million versus the consensus estimate of $115.98 million.

“The company is at an important inflection point in its multi-year strategy to expand market share within existing and new product categories. We are encouraged by our growth and the progress we are making with our new product lines, as well as the build-out and ramp-up of our existing and expanding facilities,” said Selwyn Joffe, chairman, president and chief executive officer.

“Other than the wage inflation and higher freight costs, these margin headwinds are expected to reverse in the next fiscal year. With respect to off-shore wage inflation, we are evaluating alternative operating efficiencies and pricing strategies,” Joffe said.

For earnings history and earnings-related data on Motorcar Parts of America (MPAA) click here.

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