Standard Motor Products Q2 EPS Misses Estimates, But Net Sales Top

Standard Motor Products Q1 Results Top Estimates

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter declined to $9.86 million or $0.44 per share from $12.70 million or $0.57 per share in the prior-year quarter.

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Standard Motor Products Q1 Results Top Estimates

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter plunged to $12.70 million or $0.57 per share from $20.56 million or $0.87 per share in the prior-year quarter.

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Standard Motor Products Q4 Adj. EPS Tops Estimates, But Net Sales Miss

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the fourth quarter plunged to $8.55 million or $0.39 per share from $20.02 million or $0.89 per share in the prior-year quarter.

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Standard Motor Says President And CEO Eric Sills To Succeed Lawrence Sills As Chairman Of Board

Automotive parts manufacturer Standard Motor Products, Inc. (SMP) announced Wednesday changes in the composition of its Board of Directors. Effective at the end of their current terms, in May of 2023, Lawrence Sills, Chairman of the Board, and William Turner, Presiding Independent Director, will each assume the role of Director Emeritus.

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Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Thursday, extending the slight gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 37,200 level, with gains across most sectors led by exporters, technology and financial stocks.

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Hong Kong Shares Poised To End Losing Streak

The Hong Kong stock market has moved lower in four straight trading days, stumbling almost 780 points or 3.4 percent along the way. The Hang Seng Index now rests just above the 23,600-point plateau although it's due for support on Thursday.

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Rebound Predicted For China Stock Market

The China stock market headed south again on Wednesday, one day after ending the two-day slide in which it had dipped almost 15 points or 0.5 percent. The SCI now sits just above the 3,370-point plateau although it's expected to bounce higher again on Thursday.

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Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Thursday, recouping some of the losses in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 7,800 level, with gains in gold miners and technology stocks as some traders picked up stocks at a bargain after the recent slump in the markets.

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EURUSD	1.08886	GBPUSD	1.29657	AUDUSD	0.63257
USDJPY	148.257	USDCAD	1.43751	USDCHF	0.88155

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Standard Motor Products Q2 EPS Misses Estimates, But Net Sales Top