Benzinga | Aug 10, 2020 08:21AM EDT

Motorcar Parts of America: Q1 Earnings Insights

Shares of Motorcar Parts of America (NASDAQ:MPAA) remained unaffected after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 55.56% year over year to $0.04, which beat the estimate of ($0.08).

Revenue of $95,356,000 decreased by 12.16% year over year, which beat the estimate of $86,520,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Motorcar Parts of America hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 10, 2020

Time: 01:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.motorcarparts.com%2Fnews-events%2Fevents%2F&eventid=2539445&sessionid=1&key=9F2DA91D22CFFCCBEEDD18A01847687F&regTag=&sourcepage=register

Price Action

52-week high: $24.60

Company's 52-week low was at $10.43

Price action over last quarter: Up 20.93%

Company Profile

Motorcar Parts of America Inc is a US-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the US, of which a majority of the revenue is derived from the sales of rotating electrical products.