Genuine Parts (GPC) Q2 Earnings Miss Estimates, Outlook Revised
Genuine Parts pany(GPC) ZACKS·2024-07-24 00:52
Genuine Parts Company (GPC) reported second-quarter 2024 adjusted earnings of $2.44 per share, which missed the Zacks Consensus Estimate of $2.59 per share. The bottom line remained flat year over year. The company reported net sales of $5.96 billion, missing the Zacks Consensus Estimate of $6.04 billion but inching up 0.8% year over year. This nominal increase was due to a 2.2% boost from acquisitions, offset by a 0.9% drop in comparable sales and a 0.5% impact from unfavorable foreign currency transaction ...