Standard Motor Announces Earnings

Standard Motor Products (SMP) announced that it earned $5.9 million, or 26 cents per share, down 80 percent from $29.3 million, or $1.28 per share, in the most recent fiscal quarter. Excluding items, profit increased to an adjusted 28 cents. Revenue increased by ten percent to $192.4 million from $174.2 million, mainly due to contributions from acquisitions. For the full year,the company earned $41.4 million, or $1.79 per share, down from $62.4 million, or $2.70 per share, last year. Revenue inc...