Motorcar Parts of America Shares Jump After Fiscal Q3 Results

MT Newswires Live
11 Feb

Motorcar Parts of America (MPAA) shares were up more than 8% in recent Monday trading after the company reported fiscal Q3 net income of $0.11 per diluted shares, swinging from a loss of $2.40 a year earlier.

One analyst expected a loss of $0.23 per share in a FactSet poll.

Net sales for the quarter ended Dec. 31 were $186.2 million, up from $171.9 million a year earlier.

A single analyst expected $179.5 million in a FactSet poll.

Price: 6.24, Change: +0.49, Percent Change: +8.43

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