GPC shares rose as Q1 adjusted EPS of $2.22 exceeded analysts' consensus of $2.16; however, revenues of $5.784bn missed estimates.

Genuine Parts Company (GPC) shares rose on Thursday after the company reported Q1 adjusted earnings per share of $2.22, beating analysts' consensus of $2.16. Quarterly revenues of $5.784bn missed the street view of $5.844bn. Sales increased 0.3% year over year, with a 1.9% benefit from acquisitions offset by a 0.9% decrease in comparable sales and a 0.7% unfavorable impact of foreign currency and others.

April 18, 2024
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