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Motorcar Parts of America profit misses consensus by 45.9% in fiscal Q3

Motorcar Parts of America Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 19 cents per share, compared with the S&P Capital IQ consensus estimate of 35 cents per share.

EPS increased 36.1% year over year from 14 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.6 million, an increase of 66.0% from $2.2 million in the prior-year period.

The normalized profit margin increased to 4.3% from 3.3% in the year-earlier period.

Total revenue grew 28.1% year over year to $84.0 million from $65.6 million, and total operating expenses rose 35.1% on an annual basis to $75.1 million from $55.6 million.

Reported net income rose from the prior-year period to $3.0 million, or 16 cents per share, from $1.1 million, or 7 cents per share.