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Genuine Parts: Q2 Earnings Snapshot
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ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Tuesday reported second-quarter profit of $227.6 million.

The Atlanta-based company said it had profit of $1.65 per share. Earnings, adjusted for one-time gains and costs, were $2.15 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.

The auto and industrial parts distributor posted revenue of $6.54 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $6.39 billion.

Genuine Parts expects full-year earnings in the range of $7.50 to $8 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 Zacks stock report on GPC at https://www.zacks.com/ap/GPC

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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