Genuine Parts Co GPC:NYSE

Last Price$136.75NYSE Previous Close - Last Trade as of 7:00PM ET 6/24/22
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$128.50 (1)
Ask (Size)$139.50 (2)
Day Low / HighN/A - N/A
Volume1.2 M

Genuine Parts Reports Earnings, Revenue Increase in Q1, Raises 2022 Guidance; Shares Up Pre-Bell

9:04AM ET 4/21/2022 MT Newswires
Genuine Parts on Thursday (GPC) reported Q1 adjusted diluted earnings of $1.86 per share, up from $1.50 a year earlier. Analysts polled by Capital IQ expected $1.68.

Revenue for the quarter ended March 31 was $5.29 billion, up from with $4.46 billion a year earlier. Analysts surveyed by Capital IQ expected $5.08 billion.

The automotive parts distributor raised its full-year 2022 guidance for earnings and revenue. The company now expects adjusted diluted EPS of $7.70 to $7.85 on revenue growth of 10% to 12% from its previous guidance of adjusted EPS of $7.45 to $7.60 and revenue growth of 9% to 11%.

Shares of Genuine Parts were up 2.8% in premarket activity.

Price: 138, Change: +0.33, Percent Change: +0.24