Motorcar Parts: Fiscal 2Q Earnings Snapshot
TORRANCE, Calif. (AP) _ Motorcar Parts of America Inc. (MPAA) on Tuesday reported fiscal second-quarter profit of $3.5 million.
The Torrance, California-based company said it had profit of 18 cents per share. Earnings, adjusted for one-time gains and costs, came to 60 cents per share.
The maker of remanufactured vehicle alternators and starters posted revenue of $127.9 million in the period. Its adjusted revenue was $130.2 million.
Motorcar Parts shares have risen 15 percent since the beginning of the year. The stock has dropped 32 percent in the last 12 months.