SMP Stock Earnings: Standard Motor Products Beats EPS, Beats Revenue for Q1 2024
SMP stock results show that Standard Motor Products beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires.
Standard Motor Products Inc (SMP) Q1 2024 Earnings: Mixed Results Amidst Rising Costs
Revenue: Reported at $331.4 million for Q1 2024, up from $328.0 million in Q1 2023, slightly exceeding estimates of $321.84 million. Earnings Per Share (EPS): Achieved $0.44 per diluted share from continuing operations, surpassing the estimated $0.37. Net Income: From continuing operations was $9.9 million, exceeding the estimated $8.10 million.
Compared to Estimates, Standard Motor Products (SMP) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, Standard Motor Products (SMP) reported revenue of $331.4 million, up 1% over the same period last year. EPS came in at $0.45, compared to $0.61 in the year-ago quarter.
Standard Motor Products Q1 Results Top Estimates
Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income
Standard Motor Products Inc (SMP) (Q1 2024) Earnings Call Transcript Highlights: Mixed Results ...
Despite record sales in some segments, SMP faces profitability pressures from inflation and increased operational costs.
Standard Motor Products: Q1 Earnings Snapshot
(SMP) on Wednesday reported first-quarter net income of $8.8 million. On a per-share basis, the Long Island City, New York-based company said it had profit of 39 cents. Earnings, adjusted to account for discontinued operations and restructuring costs,
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