15.02.2024 12:58:19 - dpa-AFX: Genuine Parts Co Q4 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Genuine Parts Co (GPC) released earnings for its
fourth quarter that increased from the same period last year and beat the
Street estimates.
The company's bottom line totaled $316.88 million, or $2.26 per share. This
compares with $251.98 million, or $1.77 per share, in last year's fourth
quarter.
Excluding items, Genuine Parts Co reported adjusted earnings of $316.88 million
or $2.26 per share for the period.
Analysts on average had expected the company to earn $2.19 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 1.3% to $5.59 billion from $5.52
billion last year.
Genuine Parts Co earnings at a glance (GAAP) :
-Earnings (Q4): $316.88 Mln. vs. $251.98 Mln. last year.
-EPS (Q4): $2.26 vs. $1.77 last year.
-Analyst Estimate: $2.19
-Revenue (Q4): $5.59 Bln vs. $5.52 Bln last year.
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