Dorman Products (DORM) Posts Q3 Earnings of $59.2 Million, Tops Estimates Despite Revenue Miss

Dorman Products Inc. (DORM) on Monday reported third-quarter earnings of $59.2 million, or $1.98 per share, exceeding Wall Street expectations even as revenue fell short. Adjusted for amortization costs, the Colmar, Pennsylvania-based automotive parts distributor earned $2.08 per share. Three analysts surveyed by Zacks Investment Research had expected $1.97 per share. Revenue came in at $561.7 million for the period, below the $563.1 million consensus estimate. The company projected full-year earnings of $8.50 to $8.70 per share.