AP NEWS

Motorcar Parts: Fiscal 4Q Earnings Snapshot

June 28, 2019

TORRANCE, Calif. (AP) _ Motorcar Parts of America Inc. (MPAA) on Friday reported a fiscal fourth-quarter loss of $2.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Torrance, California-based company said it had a loss of 15 cents. Earnings, adjusted for one-time gains and costs, were 63 cents per share.

The maker of remanufactured vehicle alternators and starters posted revenue of $129.1 million in the period. Its adjusted revenue was $132.7 million.

For the year, the company reported a loss of $7.8 million, or 42 cents per share, swinging to a loss in the period. Revenue was reported as $476.3 million.

Motorcar Parts expects full-year revenue in the range of $552 million to $562 million.

Motorcar Parts shares have increased 11% since the beginning of the year. The stock has fallen 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MPAA at https://www.zacks.com/ap/MPAA

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