Dorman Products: 2Q Earnings Snapshot

July 31, 2018

COLMAR, Pa. (AP) _ Dorman Products Inc. (DORM) on Tuesday reported second-quarter net income of $34.3 million.

The Colmar, Pennsylvania-based company said it had profit of $1.03 per share. Earnings, adjusted for non-recurring costs, came to $1.09 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The distributor of parts to automotive retailers posted revenue of $238.1 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $246.3 million.

Dorman Products expects full-year earnings in the range of $4.15 to $4.27 per share.

Dorman Products shares have climbed 21 percent since the beginning of the year. The stock has decreased 5.5 percent in the last 12 months.


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

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