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Standard Motor Products Q3 Non-GAAP EPS Beats Estimates by $0.13

Revenue increased 1.8% year over year to $507.8 million but missed estimates by $7.19 million.

A precision scale holds two metal weights at uneven heights / TokenPost.ai (mono)
A precision scale holds two metal weights at uneven heights / TokenPost.ai (mono)

Standard Motor Products, Inc. (SMP) reported third-quarter results Friday, Oct. 30, with non-GAAP earnings per share above estimates and revenue below them, giving investors a mixed quarterly read.

Non-GAAP EPS was $1.54, beating estimates by $0.13. Revenue totaled $507.8 million, up 1.8% from a year earlier but $7.19 million below estimates.

SMP had been scheduled to report before U.S. markets opened Friday, a date covered in an earlier earnings preview.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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