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Dorman Products: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

COLMAR, Pa. (AP) — COLMAR, Pa. (AP) — Dorman Products Inc. (DORM) on Thursday reported second-quarter net income of $47.4 million.

On a per-share basis, the Colmar, Pennsylvania-based company said it had profit of $1.53. Earnings, adjusted for non-recurring costs, were $1.67 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The distributor of parts to automotive retailers posted revenue of $503 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $497.4 million.

Dorman Products expects full-year earnings in the range of $6 to $6.20 per share.

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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