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, …
Leave a Reply