ATLANTA (AP) 鈥� ATLANTA (AP) 鈥� Genuine Parts Co. (GPC) on Tuesday reported first-quarter earnings of $188.5 million.
The Atlanta-based company said it had profit of $1.37 per share. Earnings, adjusted for one-time gains and costs, were $1.77 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.
The auto and industrial parts distributor posted revenue of $6.26 billion in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $6.17 billion.
Genuine Parts expects full-year earnings in the range of $7.50 to $8 per share.
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