trending Market Intelligence /marketintelligence/en/news-insights/trending/WRcd8b0r16lYbfdXVDAuLg2 content esgSubNav
In This List

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

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains


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.