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Genuine Parts Co Q1 adjusted earnings Miss Estimates

Genuine Parts Co (GPC) announced earnings for first quarter that decreased from last year.

The company's profit totaled $160.25 million, or $1.09 per share. This compares with $176.58 million, or $1.20 per share, in last year's first quarter.

Excluding items, Genuine Parts Co reported adjusted earnings of $187.21 million or $1.26 per share for the period.

Analysts had expected the company to earn $1.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.3% to $4.74 billion from $4.59 billion last year.

Genuine Parts Co earnings at a glance:

-Earnings (Q1): $187.21 Mln. vs. $186.46 Mln. last year.
-EPS (Q1): $1.26 vs. $1.27 last year.
-Analysts Estimate: $1.30
-Revenue (Q1): $4.74 Bln vs. $4.59 Bln last year.

Full year EPS guidance: $5.75 - $5.90

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