01:51 PM EDT, 10/30/2024 (MT Newswires) -- Standard Motor Products ( SMP ) shares were up 20% in recent Wednesday trading after the company reported higher non-GAAP earnings and revenue, while maintaining its outlook for 2024.

The company reported Q3 non-GAAP earnings of $1.28 per diluted share, up from $1.11 a year earlier.

One analyst polled by Capital IQ expected $1.11 per share.

Revenue for the quarter ended Sept. 30 was $399.3 million, compared with $386.4 million a year earlier.

One analyst surveyed by Capital IQ expected $396.1 million.

Standard Motor Products ( SMP ) maintained its outlook for 2024, expecting net sales growth in the low to mid-single digits.

The company kept its quarterly dividend at $0.29 a share, payable Dec. 2 to shareholders of record as of Nov. 15.

Price: 34.40, Change: +5.74, Percent Change: +20.01