Genuine Parts: Q2 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Thursday reported second-quarter net income of $344.5 million.
The Atlanta-based company said it had net income of $2.44 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.
The auto and industrial parts distributor posted revenue of $5.92 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $5.94 billion.
Genuine Parts expects full-year earnings in the range of $9.15 to $9.30 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
