Shares of Dorman Products Inc. (DORM) surged 8.95% on Thursday after the auto parts maker reported better-than-expected earnings for the third quarter ended September 30.
The company reported adjusted earnings per share of $1.96, significantly higher than Wall Street's consensus estimate of $1.53. Revenue rose 3.2% year-over-year to $503.77 million, though it slightly missed analysts' expectations of $510.15 million.
Despite the modest revenue miss, investors cheered Dorman's strong profitability, with the company reporting net income of $55.52 million for the quarter. Dorman's stock had already gained 2.3% in the quarter and 38.8% year-to-date ahead of the earnings release, reflecting positive sentiment from analysts.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。