Stock Track | Dorman Products Soars on Strong Q3 Earnings Beat

Stock Track

Nov 01, 2024

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.

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(DORM) surged 8.95% on Thursday after the auto parts maker reported better-than-expected earnings for the third quarter ended September 30.</p>\n\n<p>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.</p>\n\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DORM","symbol_name":"Dorman Products","start_time":0,"source_url":"","article_id":"1144494481","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1144494481","pubTimestamp":1730467936,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Dorman Products Inc.  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. 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