$SMP

Standard Motor Products Shares Fall After Q2 Net Sales Miss Estimates

Standard Motor Products (SMP) shares fell over 1% in Tuesday trading after the company posted Q2 net sales that trailed analysts' estimates.The company reported Q2 non-GAAP earnings Tuesday of $1.40 per diluted share, up from $1.29 a year earlier.Three analysts polled by FactSet expected $1.39.Net sales for the quarter ended June 30 were $501.6 million, compared with $493.9 million a year earlier.Three analysts expected $511.7 million.The company reiterated its low to mid-single digit sales growth outlook for 2026. Three analysts expect $1.88 billion.Price: $38.78, Change: $+0.55, Percent Change: +1.44%