Motorcar Parts: Fiscal 1Q Earnings Snapshot
Aug. 09, 2018
TORRANCE, Calif. (AP) _ Motorcar Parts of America Inc. (MPAA) on Thursday reported a fiscal first-quarter loss of $5 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 27 cents. Earnings, adjusted for one-time gains and costs, were 15 cents per share.
The maker of remanufactured vehicle alternators and starters posted revenue of $92.6 million in the period.
Motorcar Parts shares have dropped 12 percent since the beginning of the year. The stock has declined 16 percent in the last 12 months.