Genuine Parts Q3 Earnings Miss Estimates, Guidance Revised

Genuine Parts Company (GPC) reported third-quarter 2024 adjusted earnings of $1.88 per share, which missed the Zacks Consensus Estimate of $2.44. The bottom line declined from year-ago earnings of $2.49 per share. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.The company reported net sales of $5.97 billion, which marginally missed the Zacks Consensus Estimate of $5.98 billion but inched up 2.5% year over year. This increase was due to a 3.2% boost from acquisitions and a 0.1% impa ...