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Public signal · 1-minute delayed
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What happened, with direct paths to the underlying reporting
- SMP's shares fell 1.3% despite beating earnings estimates. - Revenues increased to $331.4 million, exceeding expectations. - Operating income declined in all segments compared to the prior year. - The company approved a quarterly dividend of 29 cents per share. - SMP expects flat to low single-digit sales growth in 2024. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- SMP's shares fell 1.3% despite beating earnings estimates.
- Revenues increased to $331.4 million, exceeding expectations.
- Operating income declined in all segments compared to the prior year.
- The company approved a quarterly dividend of 29 cents per share.
- SMP expects flat to low single-digit sales growth in 2024.
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