Standard Motor Products: Q2 Earnings Snapshot
LONG ISLAND CITY, N.Y. (AP) — LONG ISLAND CITY, N.Y. (AP) — Standard Motor Products Inc. (SMP) on Wednesday reported second-quarter profit of $9.1 million.
On a per-share basis, the Long Island City, New York-based company said it had net income of 41 cents. Earnings, adjusted for one-time gains and costs, were 84 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The auto parts maker posted revenue of $353.1 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $372 million.
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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
