Genuine Parts Co Reports 1% Retreat In Q3 Profit

(RTTNews) - Genuine Parts Co (GPC) released earnings for third quarter that fell from last year.

The company said its profit dropped to $188.02 million, or $1.24 per share. This was down from $190.52 million, or $1.25 per share, in last year's third quarter.

Analysts had expected the company to earn $1.24 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.8% to $3.92 billion. This was down from $3.99 billion last year.

Genuine Parts Co earnings at a glance:

-Earnings (Q3): $188.02 Mln. vs. $190.52 Mln. last year. -Earnings Decline (Y-o-Y): -1.3% -EPS (Q3): $1.24 vs. $1.25 last year. -EPS Decline (Y-o-Y): -0.8% -Analysts Estimate: $1.24 -Revenue (Q3): $3.92 Bln vs. $3.99 Bln last year. -Revenue Change (Y-o-Y): -1.8%