Genuine Parts Q3 Adjusted Earnings Miss at $2.07 Per Share, Revenue Tops Forecasts

ATLANTA — Genuine Parts Co. (GPC) on Tuesday reported third-quarter profit of $224.4 million, or $1.62 per share, missing Wall Street estimates on an adjusted basis. Adjusted earnings came to $2.07 per share, below the $2.09 average estimate of five analysts surveyed by Zacks Investment Research. Revenue for the period reached $6.52 billion, surpassing the $6.5 billion forecast from four Zacks analysts. The auto and industrial parts distributor guided full-year earnings to a range of $7.50 to $7.75 per share.