COLMAR, Pa. (AP) _ Dorman Products Inc. (DORM) on Monday reported first-quarter net income of $22.8 million.

On a per-share basis, the Colmar, Pennsylvania-based company said it had net income of 70 cents. Earnings, adjusted for one-time gains and costs, were 66 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The distributor of parts to automotive retailers posted revenue of $257.7 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $237.1 million.

Dorman Products shares have fallen 24% since the beginning of the year. The stock has declined 37% in the last 12 months.

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

Automated Insights, source Associated Press News