Standard Motor Products Q2 Profit Down - Quick Facts

(RTTNews) - Standard Motor Products Inc. (SMP) reported that its second quarter net earnings declined to $10.97 million or $0.48 per share, from $19.43 million or $0.85 per share in the second quarter of 2019.

Excluding certain items, earnings from continuing operations for the second quarter of 2020 were $11.8 million or $0.52 per share, compared to $21.0 million or $0.92 per share in the second quarter of 2019. Analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the second quarter were $247.9 million, down from $305.2 million in the prior year. Analysts expected revenues of $228.74 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More