2 Winners and 3 Losers from This Week’s Earnings Storm
Genuine Parts Company (NYSE:GPC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 28.7% to $1.39 in the quarter versus EPS of $1.08 in the year-earlier quarter. Revenue Rose 10.13% to $3.68 billion from the year-earlier quarter.
Genuine Parts Company reported adjusted EPS income of $1.39 per share. By that measure, the company beat the mean analyst estimate of $1.21. It missed the average revenue estimate of $3.68 billion.