Dorman Products (DORM) Releases Quarterly Earnings Results
Dorman Products (NASDAQ:DORM) announced its earnings results on Wednesday. The company reported $0.64 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.01, Analyst RN reports. The company had revenue of $196.20 million for the quarter, compared to the consensus estimate of $186.73 million. During the same quarter last year, the company posted $0.53 earnings per share. Dorman Products’s revenue was up 20.9% compared to the same quarter last year.
Shares of Dorman Products (NASDAQ:DORM) traded down 9.98% on Wednesday, hitting $43.50. 987,263 shares of the company’s stock traded hands. Dorman Products has a 1-year low of $46.49 and a 1-year high of $60.99. The stock’s 50-day moving average is $49.58 and its 200-day moving average is $53.90. The company has a market cap of $1.582 billion and a price-to-earnings ratio of 20.47.
Dorman Products, Inc (NASDAQ:DORM) is a supplier of automotive and heavy duty truck replacement parts and service line products primarily for the automotive aftermarket.
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