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Services | Specialty Retail, Other | USA
Genuine Parts (GPC) Q4 Earnings Surpass Estimates, Up Y/Y
Genuine Parts Company (GPC - Free Report) has reported adjusted earnings of $1.35 per share in fourth-quarter 2018, up 13% year over year. The bottom line surpassed the Zacks Consensus Estimate of $1.33. During the reported quarter, each business segments witnessed revenue growth.
The company recorded net income of $186.7 million in fourth-quarter 2018, up from $108.2 million in the prior-year quarter.
Genuine Parts reported net sales of $4.6 billion, up 9% year over year. The figure was almost in line with the Zacks Consensus Estimate. Total sales included 4.6% comparable growth, 6% from acquisitions and 1.2% adverse impact of the foreign currency translation.
Operating profit increased to $356 million from $313.3 million in fourth-quarter 2017. Selling, administrative and other expenses rose to $1.21 billion from $1 billion a year ago.
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https://www.zacks.com/stock/news/355481/...ates-up-yy
![[Bild: GPCc0dl1425.png]](https://finviz.com/publish/021919/GPCc0dl1425.png)
Genuine Parts (GPC) Q4 Earnings Surpass Estimates, Up Y/Y
Genuine Parts Company (GPC - Free Report) has reported adjusted earnings of $1.35 per share in fourth-quarter 2018, up 13% year over year. The bottom line surpassed the Zacks Consensus Estimate of $1.33. During the reported quarter, each business segments witnessed revenue growth.
The company recorded net income of $186.7 million in fourth-quarter 2018, up from $108.2 million in the prior-year quarter.
Genuine Parts reported net sales of $4.6 billion, up 9% year over year. The figure was almost in line with the Zacks Consensus Estimate. Total sales included 4.6% comparable growth, 6% from acquisitions and 1.2% adverse impact of the foreign currency translation.
Operating profit increased to $356 million from $313.3 million in fourth-quarter 2017. Selling, administrative and other expenses rose to $1.21 billion from $1 billion a year ago.
...
https://www.zacks.com/stock/news/355481/...ates-up-yy
