Genuine Parts Co Q1 adjusted earnings Miss Estimates

(RTTNews) - Genuine Parts Co (GPC) revealed a profit for first quarter that fell from the same period last year.

The company's bottom line came in at $136.54 million, or $0.94 per share. This compares with $160.25 million, or $1.09 per share, in last year's first quarter.

Excluding items, Genuine Parts Co reported adjusted earnings of $133.40 million or $0.92 per share for the period.

Analysts had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.8% to $4.56 billion from $4.74 billion last year.

Genuine Parts Co earnings at a glance:

-Earnings (Q1): $133.40 Mln. vs. $187.21 Mln. last year. -EPS (Q1): $0.92 vs. $1.28 last year. -Analysts Estimate: $1.15 -Revenue (Q1): $4.56 Bln vs. $4.74 Bln last year.