Standard Motor (SMP) Q2 Earnings Beat Estimates, Rise Y/Y

Standard Motor Products (SMP) posted second-quarter 2024 adjusted earnings per share (EPS) of 98 cents, which rose from 84 cents reported in the prior-year quarter and beat the Zacks Consensus Estimate of 78 cents. Total revenues rose to $389.8 million from $353.1 million reported in the second quarter of 2023. The reported figure also beat the Zacks Consensus Estimate of $366 million. Gross profit rose to $111.4 million from the year-ago quarter's $101.3 million. Operating income declined to $24.99 million ...