Reported Earlier, Standard Motor Products Q3 EPS $1.11 Beats $0.98 Estimate, Sales $386.41M Miss $391.88M Estimate
Portfolio Pulse from Happy Mohamed
Standard Motor Products (NYSE:SMP) reported Q3 earnings of $1.11 per share, beating the analyst consensus estimate of $0.98 by 13.27%. However, the company's quarterly sales of $386.41 million missed the analyst consensus estimate of $391.88 million by 1.40%. This represents a 5.71% increase in earnings and a 1.32% increase in sales compared to the same period last year.
October 27, 2023 | 7:42 pm
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Standard Motor Products beat Q3 earnings estimates but missed on sales. This mixed result could lead to uncertain short-term price movements.
Standard Motor Products reported better than expected earnings but lower than expected sales. This mixed result could lead to uncertainty among investors, potentially causing short-term price volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100