121.75
price down icon3.19%   -4.01
after-market Handel nachbörslich: 121.75
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Warum fällt Dorman Products Inc-Aktie (DORM)?

2023-10-31:

Shares of Dorman Products (DORM) dropped by 14.54% from $72.76 to $62.18 in the trading on Tuesday, October 31, 2023. The reason why DORM down is due to company's announcement of weaker-than-expected quarterly earnings and a downward revision of its full-year outlook.

  • Quarterly performance: In the third quarter, Dorman's revenue grew by 18% YoY to $488.2 million, and adjusted non-GAAP earnings per share increased by 20% to $1.40. However, analysts had expected $1.59 per share in adjusted earnings on similar revenue.
  • Revised Outlook: In response to the softer demand and economic uncertainty, Dorman revised its full-year 2023 outlook. They now expect 11% to 12.2% net sales growth, with a range of $1.925 billion to $1.945 billion. Previous guidance had anticipated $1.95 billion to $2 billion in net sales. Additionally, full-year earnings guidance was adjusted to $4.35 per share to $4.55 per share, down from the previous range of $5.15 to $5.35 per share.
auto_parts MOD
$118.83
price down icon 1.87%
auto_parts BWA
$31.04
price down icon 1.59%
auto_parts ALV
$93.45
price down icon 0.03%
auto_parts LKQ
$36.27
price down icon 0.19%
$108.93
price down icon 1.19%
auto_parts MGA
$39.53
price down icon 1.98%
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