Standard Motor Products: Q4 Earnings Snapshot

LONG ISLAND CITY, N.Y. (AP) — LONG ISLAND CITY, N.Y. (AP) — Standard Motor Products Inc. (SMP) on Thursday reported fourth-quarter net income of $6.4 million.

The Long Island City, New York-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, came to 37 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The auto parts maker posted revenue of $290.8 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $313.8 million.

For the year, the company reported profit of $34.1 million, or $1.54 per share. Revenue was reported as $1.36 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMP at https://www.zacks.com/ap/SMP