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Genuine Parts Co Q2 adjusted earnings Miss Estimates

Genuine Parts Co (GPC) reported a profit for second quarter that decreased from last year.

The company's profit totaled $224.43 million, or $1.53 per share. This compares with $226.97 million, or $1.54 per share, in last year's second quarter.

Excluding items, Genuine Parts Co reported adjusted earnings of $230.27 million or $1.57 per share for the period.

Analysts had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.3% to $4.93 billion from $4.82 billion last year.

Genuine Parts Co earnings at a glance:

-Earnings (Q2): $230.27 Mln. vs. $233.55 Mln. last year.
-EPS (Q2): $1.57 vs. $1.59 last year.
-Analysts Estimate: $1.65
-Revenue (Q2): $4.93 Bln vs. $4.82 Bln last year.

Full year EPS guidance: $5.65 to $5.75

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