Motorcar Parts of America (MPAA) reported second quarter adjusted EPS of $0.62 Monday morning, up from $0.60 in the previous year. Analysts expected EPS of $0.55.
Motorcar Parts of America gapped up Monday and rose steadily during the first hour of trade. The stock was range-bound for the remainder of the day and closed up by 4.70 at $38.70 on strong volume. Motorcar Parts of America broke out past resistance and set a new high for the year.
For comments and feedback contact: editorial@rttnews.com
Business News