Standard Motor Products (SMP) Misses Q2 EPS by 5c, Revenues Miss
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Standard Motor Products, Inc. Announces Second Quarter 2018 Results and a Quarterly Dividend
July 26, 2018 8:39 AM EDTNEW YORK, July 26, 2018 /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 six months ending June 30, 2018.
Consolidated net sales for the second quarter of 2018 were $286.6 million, compared to consolidated net sales of $312.7 million during the comparable quarter in 2017. Earnings from continuing operations for the second quarter of 2018 were $16.8 million or 73 cents per diluted share, compared to $18.3 million or 78 cents per diluted share in the second quarter of 2017. Excluding non-operational gains and losses identified... More
