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Genuine Parts: 1Q Earnings Snapshot

ATLANTA (AP) _ Genuine Parts Co. (GPC) on Thursday reported first-quarter net income of $160.3 million.

The Atlanta-based company said it had profit of $1.09 per share. Earnings, adjusted for non-recurring costs, were $1.28 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The auto and industrial parts distributor posted revenue of $4.74 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $4.8 billion.

Genuine Parts expects full-year earnings in the range of $5.75 to $5.90 per share.

Genuine Parts shares have climbed 17 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 16 percent. The stock has increased 24 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPC at https://www.zacks.com/ap/GPC