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Fly News Breaks for August 11, 2016
MPAA
Aug 11, 2016 | 08:55 EDT
Craig-Hallum analyst Steven Dyer says that inaccurate assertions about the divergence between Motorcar Parts' GAAP and non-GAPP results have surfaced. After analyzing the company's results, Dyer concludes that about $1 of the $1.53 difference between the company's GAAP and non-GAAP EPS relates to the bad debt expense and legal expenses of a discontinued subsidiary, while the remaining discrepancy relates to customer allowances. The analyst says that if these allowances were amortized over time, as he recommends, they would have a "de minimus" impact on the company's results.
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