Genuine Parts shares are trading lower after the company reported mixed Q3 financial results and cut its FY24 EPS below estimates.
Portfolio Pulse from Benzinga Newsdesk
Genuine Parts Company (GPC) shares declined following the release of mixed Q3 financial results and a reduction in FY24 EPS guidance below estimates.
October 22, 2024 | 11:47 am
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Genuine Parts Company reported mixed Q3 financial results and lowered its FY24 EPS guidance below market expectations, leading to a decline in its stock price.
The mixed Q3 results and the reduction in FY24 EPS guidance are likely to negatively impact investor sentiment, causing a short-term decline in GPC's stock price.
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