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Jefferies Cuts Price Target on Genuine Parts (GPC) to $95 Following 3Q Report

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Gabelli Automotive Symposium Keynote to Focus on Internet of Things

October 20, 2016 7:00 AM EDT

RYE, N.Y.--(BUSINESS WIRE)-- Gabelli & Company is pleased to announce Bridget Karlin, Managing Director in the Internet of Things (IoT) Strategy and Integrated Products Division at Intel Corporation (NASDAQ INTC), will deliver a keynote address at its 40th Annual Automotive Aftermarket Symposium on November 1 in Las Vegas.

Ms. Karlin is responsible for managing the commercialization and marketing of the Intel IoT Platform and Intels IoT partner-branded offerings, leveraging Intel's silicon, software and services that engage Intels ecosystem of partners to accelerate market adoption. She also represents Intel as an IoT expert... More

Gabelli & Company’s 40th Annual Automotive Aftermarket Symposium

October 19, 2016 8:37 AM EDT

RYE, N.Y.--(BUSINESS WIRE)-- Gabelli & Company will host its 40th Annual Automotive Aftermarket Symposium on October 31 and November 1 in Las Vegas, Nevada. This conference showcases a full spectrum of leading automotive companies, including aftermarket parts retailers, original equipment & aftermarket parts suppliers, publicly traded dealership groups, and medium & heavy duty truck manufacturers. Presentations, fireside chats, and one-on-one meetings will be held from 12:00 p.m. PST on Monday, October 31 through 5:00 p.m. PST on Tuesday, November... More

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