Genuine Parts: Q1 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Thursday reported first-quarter earnings of $304 million.
The Atlanta-based company said it had profit of $2.14 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share.
The auto and industrial parts distributor posted revenue of $5.77 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $5.69 billion.
Genuine Parts expects full-year earnings in the range of $8.95 to $9.10 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a GPC">Zacks stock report on GPC at https://www.zacks.com/ap/GPC
