ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Thursday reported third-quarter net income of $351.2 million.
The Atlanta-based company said it had profit of $2.49 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.40 per share.
The auto and industrial parts distributor posted revenue of $5.82 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $5.89 billion.
Genuine Parts expects full-year earnings in the range of $9.20 to $9.30 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