Standard Motor Products (SMP) Misses Q4 EPS by 21c
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Standard Motor Products, Inc. Announces Fourth Quarter and Year End 2015 Results
February 26, 2016 8:30 AM ESTNEW YORK, Feb. 26, 2016 /PRNewswire/ --Â Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, reported today its consolidated financial results for the three months and for the year ended December 31, 2015.
Consolidated net sales for the fourth quarter of 2015 were $205 million, compared to consolidated net sales of $218.1 million during the comparable quarter in 2014. Earnings from continuing operations for the fourth quarter of 2015 were $5.8 million or 25 cents per diluted share, compared to $11.5 million or 50 cents per diluted share in the fourth quarter of 2014. Excluding non-operational gains and losses... More
