Standard Motor Products, Inc. Announces Second Quarter 2018 Results and a Quarterly Dividend
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Standard Motor Products (SMP) Misses Q2 EPS by 5c, Revenues Miss
July 26, 2018 8:44 AM EDTStandard Motor Products (NYSE: SMP) reported Q2 EPS of $0.74, $0.05 worse than the analyst estimate of $0.79. Revenue for the quarter came in at $286.6 million versus the consensus estimate of $308.37 million.
Mr. Eric P. Sills, Standard Motor Products' Chief Executive Officer and President stated, "We are obviously not pleased with our financial results so far this year. However, as we said in our last conference call, the shortfall was the result of temporary or timing-related issues, which were expected to continue into the second quarter. We anticipate improvement over the balance of the year as... More
