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Genuine Parts Q4 Profit Beats, but Revenue Misses (GPC)

Automotive replacement parts maker Genuine Parts Company ( GPC ) on Tuesday posted better-than-expected fourth quarter profits, but its revenue fell just shy of expectations.

The Atlanta-based company reported fourth quarter net income of $134.96 million, or 86 cents per share, compared with $118.65 million, or 75 cents per share, in the year-ago period.

Revenue rose 7% from last year to $3.01 billion.

On average, Wall Street analysts expected a smaller profit of 83 cents per share, albeit on higher revenue of $3.05 billion.

Genuine Parts shares posted modest gains in early trading Tuesday.

The Bottom Line

Shares of Genuine Parts ( GPC ) have a 3.02% dividend yield, based on the new higher payout and Friday's closing stock price of $65.58. The stock has technical support in the $60-$61 price area. The shares are trading right at all-time highs.

Genuine Parts Company ( GPC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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

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

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