Genuine Parts Co Q3 Income Retreats 15%

(RTTNews) - Genuine Parts Co (GPC) announced earnings for third quarter that lost ground compared to the same period last year.

The company said its profit fell to $158.44 million, or $1.08 per share. This was lower than $185.33 million, or $1.24 per share, in last year's third quarter.

Analysts had expected the company to earn $1.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.1% to $4.10 billion. This was up from $3.94 billion last year.

Genuine Parts Co earnings at a glance:

-Earnings (Q3): $158.44 Mln. vs. $185.33 Mln. last year. -Earnings Decline (Y-o-Y): -14.5% -EPS (Q3): $1.08 vs. $1.24 last year. -EPS Decline (Y-o-Y): -12.9% -Analysts Estimate: $1.28 -Revenue (Q3): $4.10 Bln vs. $3.94 Bln last year. -Revenue Change (Y-o-Y): 4.1%

-Guidance: Full year EPS guidance: $4.55 to $4.60