Standard Motor Products, Inc. Announces Fourth Quarter and 2020 Year-End Results
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Standard Motor Products (SMP) Tops Q4 EPS by 40c, Revenues Beat
February 23, 2021 8:32 AM ESTStandard Motor Products (NYSE: SMP) reported Q4 EPS of $1.08, $0.40 better than the analyst estimate of $0.68. Revenue for the quarter came in at $282.7 million versus the consensus estimate of $254.29 million.
Mr. Eric Sills, Standard Motor Products' Chief Executive Officer and President stated, "We are very pleased with our fourth quarter results, as we achieved records in both sales and earnings from continuing operations. After a very difficult second quarter when we experienced a slowdown caused by the pandemic, business rebounded in the second half, and we ended within one percent of our 2019 full-year... More
