18.04.2024 12:57:44 - dpa-AFX: Genuine Parts Co Q1 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Genuine Parts Co (GPC) revealed a profit for first
quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $248.89 million, or $1.78 per share. This
compares with $303.96 million, or $2.14 per share, in last year's first quarter.
Excluding items, Genuine Parts Co reported adjusted earnings of $310.90 million
or $2.22 per share for the period.
Analysts on average had expected the company to earn $2.16 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 0.2% to $5.78 billion from $5.77
billion last year.
Genuine Parts Co earnings at a glance (GAAP) :
-Earnings (Q1): $248.89 Mln. vs. $303.96 Mln. last year.
-EPS (Q1): $1.78 vs. $2.14 last year.
-Revenue (Q1): $5.78 Bln vs. $5.77 Bln last year.
-Guidance:
Full year EPS guidance: $9.80 to $9.95
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