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Standard Motor Products posts 4Q loss

LONG ISLAND CITY, N.Y. (AP) _ Standard Motor Products Inc. (SMP) on Tuesday reported a fourth-quarter loss of $8.6 million, after reporting a profit in the same period a year earlier.

The Long Island City, New York-based company said it had a loss of 38 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.

The auto parts maker posted revenue of $240 million in the period.

For the year, the company reported profit of $38 million, or $1.64 per share. Revenue was reported as $1.12 billion.

Standard Motor Products shares have risen slightly more than 7 percent since the beginning of the year. The stock has decreased nearly 1 percent 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 SMP at https://www.zacks.com/ap/SMP