Genuine Parts (GPC) Q1 Earnings Beat, Sales Miss Estimates
GPCGenuine Parts pany(GPC) Zacks Investment Research·2024-04-18 23:08

Genuine Parts Company (GPC) delivered first-quarter 2024 adjusted earnings of 2.22pershare,up3.742.22 per share, up 3.74% year over year. The bottom line surpassed the Zacks Consensus Estimate of 2.15 per share. The company reported net sales of 5.78billion,laggingtheZacksConsensusEstimateof5.78 billion, lagging the Zacks Consensus Estimate of 5.84 billion and inching up 0.32% year over year. This nominal increase was due to a 1.9% boost from acquisitions, offset by a 0.9% drop in comparable sales and a 0.7% impact from unfavorable foreign currency transactions. Segm ...