Dorman Products: Q2 Earnings Snapshot
COLMAR, Pa. (AP) — COLMAR, Pa. (AP) — Dorman Products Inc. (DORM) on Monday reported second-quarter net income of $58.7 million.
On a per-share basis, the Colmar, Pennsylvania-based company said it had net income of $1.91. Earnings, adjusted for one-time gains and costs, were $2.06 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The distributor of parts to automotive retailers posted revenue of $541 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $517.5 million.
Dorman Products expects full-year earnings in the range of $8.60 to $8.90 per share.
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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