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Genuine Parts: Q3 Earnings Snapshot

Genuine Parts: Q3 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Thursday reported third-quarter net income of $351.2 million.

The Atlanta-based company said it had profit of $2.49 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.40 per share.

The auto and industrial parts distributor posted revenue of $5.82 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $5.89 billion.