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Motorcar Parts of America profit misses consensus by 46.1% in fiscal Q3

Motorcar Parts of America Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 28 cents per share, compared with the S&P Capital IQ consensus estimate of 51 cents per share.

EPS rose 44.6% year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.3 million, an increase of 46.7% from $3.6 million in the prior-year period.

The normalized profit margin rose to 5.7% from 4.3% in the year-earlier period.

Total revenue grew 11.9% year over year to $94.0 million from $84.0 million, and total operating expenses increased 10.6% year over year to $83.1 million from $75.1 million.

Reported net income increased from the prior-year period to $7.8 million, or 41 cents per share, from $3.0 million, or 16 cents per share.