Genuine Parts (GPC) Misses Q2 EPS by 2c, Trims FY EPS Guidance

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Genuine Parts Company Reports Sales And Earnings For The Second Quarter Ended June 30, 2017

July 20, 2017 8:57 AM EDT

ATLANTA, July 20, 2017 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today sales and earnings for the second quarter and six months ended June 30, 2017.

Sales for the second quarter ended June 30, 2017 were $4.1 billion, a new record and a 5% increase compared to $3.9 billion for the same period in 2016.  Net income for the second quarter was $190.0 million compared to $191.4 million recorded for the same period in the previous year.  Earnings per share on a diluted basis were $1.29, up 1% from $1.28 for the second... More