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Genuine Parts (GPC) Misses Q3 EPS by 5c, Trims FY EPS Guidance

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Genuine Parts Company Reports Sales And Earnings For The Third Quarter Ended September 30, 2016

October 19, 2016 8:34 AM EDT

ATLANTA, Oct. 19, 2016 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today sales and earnings for the third quarter and nine months ended September 30, 2016.

Sales for the third quarter ended September 30, 2016 were $3.94 billion compared to $3.92 billion for the same period in 2015. Net income for the third quarter was $185.3 million compared to $188.0 million recorded for the same period in the previous year. Earnings per share on a diluted basis were $1.24, equal to the earnings per share for the third quarter... More