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ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Tuesday reported first-quarter earnings of $194.4 million.
The Atlanta-based company said it had profit of $1.40 per share. Earnings, adjusted for one-time gains and costs, came to $1.75 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The auto and industrial parts distributor posted revenue of $5.87 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $5.82 billion.
Genuine Parts expects full-year earnings in the range of $7.75 to $8.25 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPC at https://www.zacks.com/ap/GPC