Genuine Parts Co Q2 adjusted earnings Beat Estimates

Genuine Parts Co (GPC) reported earnings for its second quarter that advanced from the same period last year.

The company’s earnings came in at $226.97 million, or $1.54 per share. This compares with $189.97 million, or $1.29 per share, in last year’s second quarter.

Excluding items, Genuine Parts Co reported adjusted earnings of $233.55 million or $1.59 per share for the period.

Analysts had expected the company to earn $1.58 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 17.6% to $4.82 billion from $4.10 billion last year.

Genuine Parts Co earnings at a glance:

-Earnings (Q2): $233.55 Mln. vs. . last year.
-Analysts Estimate: $1.58
-Revenue (Q2): $4.82 Bln vs. $4.10 Bln last year.

-Guidance:
Full year EPS guidance: $5.60 – $5.75

by RTTNews Staff Writer

Source: Read Full Article