Dorel Industries (OTCMKTS:DIIBF) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Dorel Industries (OTCMKTS:DIIBF) posted its quarterly earnings data on Monday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.04), Zacks reports. The firm had revenue of $276.09 million during the quarter, compared to analyst estimates of $274.30 million.

Dorel Industries Stock Up 11.2%

Shares of DIIBF stock opened at $1.01 on Wednesday. Dorel Industries has a one year low of $0.79 and a one year high of $1.76. The company has a 50 day moving average price of $1.01 and a 200 day moving average price of $1.16.

Analyst Ratings Changes

Separately, TD Securities reiterated a “hold” rating on shares of Dorel Industries in a research report on Friday, August 7th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Dorel Industries currently has an average rating of “Hold”.

About Dorel Industries

Dorel Industries Inc. was a Canadian consumer-products company headquartered in Montreal, Quebec. Founded in 1962, the company developed and marketed products through three principal business areas: juvenile products, home furnishings and recreational products. Its brands and operations served consumers through major retailers, e-commerce channels and specialty dealers in North America, Europe, Latin America and other international markets. Dorel Juvenile produced car seats, strollers, playards, high chairs and other infant and child-care products.