LONG ISLAND CITY, N.Y. (AP) — LONG ISLAND CITY, N.Y. (AP) — Standard Motor Products Inc. (SMP) on Wednesday reported third-quarter profit of $3.8 million.
The Long Island City, New York-based company said it had net income of 17 cents per share. Earnings, adjusted for one-time gains and costs, were $1.28 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The auto parts maker posted revenue of $399.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $395.7 million.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
