Genuine Parts: Q3 Earnings Snapshot
By AP News
Published - Oct 22, 2024, 07:03 AM ET
Last Updated - Oct 22, 2024, 07:03 AM EDT
ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Tuesday reported third-quarter earnings of $226.6 million.
The Atlanta-based company said it had net income of $1.62 per share. Earnings, adjusted for one-time gains and costs, were $1.88 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.
The auto and industrial parts distributor posted revenue of $5.97 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $5.98 billion.
