Genuine Parts Q3 Adjusted EPS $2.49 Beats $2.40 Estimate, Sales $5.82B Miss $5.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Genuine Parts (NYSE:GPC) reported Q3 earnings of $2.49 per share, beating the analyst consensus estimate of $2.40 by 3.75%. This is an 11.66% increase from the same period last year. However, the company's quarterly sales of $5.82 billion missed the analyst consensus estimate of $5.92 billion by 1.61%, though it's a 2.64% increase from last year.
October 19, 2023 | 10:58 am
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Genuine Parts reported better than expected Q3 earnings but missed on sales. This mixed result could lead to volatility in the stock price.
Genuine Parts reported a beat on earnings but a miss on sales. While the earnings beat is positive, the sales miss could be a concern for investors, leading to potential volatility in the stock price.
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