Benzinga | Oct 28, 2021 08:48AM EDT

Standard Motor Products Q3 Adj. EPS $1.32 Beats $1.10 Estimate, Sales $370.30M Beat $342.64M Estimate; Adds $30M To Buyback

Standard Motor Products (NYSE:SMP) reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.10 by 20 percent. This is a 16.98 percent decrease over earnings of $1.59 per share from the same period last year. The company reported quarterly sales of $370.30 million which beat the analyst consensus estimate of $342.64 million by 8.07 percent. This is a 7.77 percent increase over sales of $343.61 million the same period last year.