Genuine Parts (GPC) Q1 Earnings Beat, Sales Miss Estimates

Genuine Parts Company (GPC) delivered first-quarter 2024 adjusted earnings of $2.22 per share, up 3.74$2.15 per share. The company reported net sales of $5.78 billion, lagging the Zacks Consensus Estimate of$5.84 billion and inching up 0.32% year over year. This nominal increase was due to a 1.9% boost from acquisitions, offset by a 0.9% drop in comparable sales and a 0.7% impact from unfavorable foreign currency transactions.Segme ...