Dorel Industries (OTCMKTS:DIIBF) Announces Quarterly Earnings Results, Misses Expectations By $0.26 EPS

Dorel Industries (OTCMKTS:DIIBF) released its earnings results on Tuesday. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.26), Zacks reports. The business had revenue of $278.94 million for the quarter, compared to analysts’ expectations of $295.50 million. Dorel Industries had a negative net margin of 11.95% and a negative return on equity of 299.25%.

Dorel Industries Trading Down 5.1%

OTCMKTS DIIBF opened at $1.29 on Thursday. The firm’s fifty day simple moving average is $1.36 and its 200-day simple moving average is $1.22. Dorel Industries has a 1-year low of $0.83 and a 1-year high of $2.56. The company has a market capitalization of $44.72 million, a PE ratio of -0.30 and a beta of 1.83.

About Dorel Industries

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.