U.S. Markets closed

Genuine Parts: 4Q Earnings Snapshot

ATLANTA (AP) _ Genuine Parts Co. (GPC) on Tuesday reported fourth-quarter earnings of $186.7 million.

On a per-share basis, the Atlanta-based company said it had profit of $1.27. Earnings, adjusted for non-recurring costs, were $1.35 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.

The auto and industrial parts distributor posted revenue of $4.6 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $4.56 billion.

For the year, the company reported profit of $810.5 million, or $5.50 per share. Revenue was reported as $18.74 billion.

Genuine Parts expects full-year earnings in the range of $5.81 to $5.96 per share.

Genuine Parts shares have risen 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 11 percent. The stock has risen nearly 8 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