Genuine Parts Co.(GPC) reported net income of $134.96 million or $0.86 per share for the fourth quarter, higher than $118.65 million or $0.75 per share in the same quarter last year.
On average, seven analysts polled by Thomson Reuters expected the company to report earnings of $0.83 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter increased 7 percent to $3.01 billion from $2.81 billion in the prior-year quarter. Seven analysts had a consensus revenue estimate of $3.05 billion for the quarter.
For comments and feedback: editorial@rttnews.com