ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Thursday reported fourth-quarter earnings of $316.9 million.
On a per-share basis, the Atlanta-based company said it had net income of $2.26.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.
The auto and industrial parts distributor posted revenue of $5.59 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $5.63 billion.
For the year, the company reported profit of $1.32 billion, or $9.33 per share. Revenue was reported as $23.09 billion.
Genuine Parts expects full-year earnings in the range of $9.70 to $9.90 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