Dorman Products falls on Q1 results miss

Dorman Products

02/05/2023 18:24

** Shares of auto parts maker Dorman Products Inc  DORM.O 
hit more than 6-month low, last down 9.94% at $78.02
    ** Co reports Q1 profit of 56 cents per share, below
analysts' ests of 94 cents per share - Refinitiv data
    ** Reports higher expenses, citing impact of interest rate
increases  
    ** Posts Q1 net sales of  $466.7 mln, below ests of $485.17
mln 
    ** Reaffirms 2023 revenue forecast of $1.95-$2 bln vs 
analysts' average estimate $2.00 bln 
    ** DORM stock down 5.07% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))