ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Thursday reported fourth-quarter earnings of $252 million.
On a per-share basis, the Atlanta-based company said it had profit of $1.77. Earnings, adjusted for non-recurring costs, were $2.05 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The auto and industrial parts distributor posted revenue of $5.52 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $5.35 billion.
For the year, the company reported profit of $1.18 billion, or $8.31 per share. Revenue was reported as $22.1 billion.
Genuine Parts expects full-year earnings in the range of $8.80 to $8.95 per share.
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