Markets

Genuine Parts (GPC) Q2 Earnings and Revenues Miss Estimates

Genuine Parts Company GPC has reported adjusted earnings of $1.57 per share in second-quarter 2019, whereas it recorded $1.59 in the prior-year quarter. Its earnings missed the Zacks Consensus Estimate of $1.67 in the reported quarter.

The company recorded net income of $224.4 million in second-quarter 2019, down from $227 million in the prior-year quarter.

Genuine Parts reported net sales of $4.93 billion, up 2.3% year over year. The figure missed the Zacks Consensus Estimate of $5 billion. Net sales included 1.6% comparable growth, roughly 2.7% from acquisitions, partly offset by 1.5% adverse impact of foreign currency translation and 0.5% attributable to the sale of Grupo Auto Todo in first-quarter 2019.

Operating profit decreased to $385.6 million from $390.2 million in second-quarter 2018. Selling, administrative and other expenses rose to $1.22 billion from $1.15 billion a year ago.

Genuine Parts Company Price, Consensus and EPS Surprise

 

Genuine Parts Company Price, Consensus and EPS Surprise

Genuine Parts Company price-consensus-eps-surprise-chart | Genuine Parts Company Quote

Segmental Results







Financial Position



Guidance



Zacks Rank & Stocks to Consider



CPRT KMX AZO the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here







More Stock News: This Is Bigger than the iPhone!





Click here for the 6 trades >>
Click to get this free report

CarMax, Inc. (KMX): Free Stock Analysis Report

AutoZone, Inc. (AZO): Free Stock Analysis Report

Genuine Parts Company (GPC): Free Stock Analysis Report

Copart, Inc. (CPRT): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks