Genuine Parts Co Q3 adjusted earnings Inline With Estimates

(RTTNews) - Genuine Parts Co (GPC) revealed earnings for its third quarter that advanced from the same period last year.

The company's bottom line came in at $220.23 million, or $1.49 per share. This compares with $158.44 million, or $1.08 per share, in last year's third quarter.

Excluding items, Genuine Parts Co reported adjusted earnings of $217.64 million or $1.48 per share for the period.

Analysts had expected the company to earn $1.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.1% to $4.72 billion from $4.10 billion last year.

Genuine Parts Co earnings at a glance:

-Earnings (Q3): $217.64 Mln. vs. $170.03 Mln. last year. -EPS (Q3): $1.48 vs. $1.15 last year. -Analysts Estimate: $1.48 -Revenue (Q3): $4.72 Bln vs. $4.10 Bln last year.

-Guidance: Full year EPS guidance: $5.60 to $5.70