Why Genuine Parts Shares Are Falling Today



Genuine Parts Company (NYSE:GPC) shares are trading lower on Thursday.

The company reported fourth-quarter adjusted earnings per share of $2.26, beating the street view of $2.20. The company reported revenue of $5.586 billion, missing the consensus of $5.64 billion. Sales rose 1.1% year over year.

The company said sales improvement is attributable to a 2.0% benefit from acquisitions, 0.3% favorable impact of foreign currency, and others, partially offset by a 1.2% decrease in comparable sales.

Global Automotive sales were $3.5 billion, …

Full story available on Benzinga.com


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