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U.S. Auto Parts Network swings to profit in fiscal Q3

U.S. Auto Parts Network Inc. said its normalized net income for the fiscal third quarter ended Oct. 1 was $28,630, compared with a loss of $10,880 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.3% from negative 0.0% in the year-earlier period.

Total revenue increased year over year to $73.5 million from $70.6 million, and total operating expenses climbed from the prior-year period to $73.6 million from $70.9 million.

Reported net income came to a loss of $163,000, or a loss of 0 cents per share, compared to a loss of $53,000, or a loss of 0 cents per share, in the prior-year period.