Standard Motor Products Inc (SMP) released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $12.57 million, or $0.56 per share. This compares with $8.82 million, or $0.39 per share, last year.
Excluding items, Standard Motor Products Inc reported adjusted earnings of $18.01 million or $0.81 per share for the period.
Analysts on average had expected the company to earn $0.44 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 24.7% to $413.38 million from $331.40 million last year.
Standard Motor Products Inc earnings at a glance (GAAP) :
-Earnings: $12.57 Mln. vs. $8.82 Mln. last year.
-EPS: $0.56 vs. $0.39 last year.
-Revenue: $413.38 Mln vs. $331.40 Mln last year.
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