Dorman Products: Q4 Earnings Snapshot

COLMAR, Pa. (AP) _ Dorman Products Inc. (DORM) on Tuesday reported fourth-quarter earnings of $34.1 million.

On a per-share basis, the Colmar, Pennsylvania-based company said it had net income of $1.07. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The distributor of parts to automotive retailers posted revenue of $398.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $364.8 million.

For the year, the company reported profit of $131.5 million, or $4.12 per share. Revenue was reported as $1.35 billion.

Dorman Products expects full-year earnings in the range of $5.35 to $5.55 per share, with revenue in the range of $1.6 billion to $1.64 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DORM at https://www.zacks.com/ap/DORM