Genuine Parts: 3Q Earnings Snapshot

Genuine Parts Co. reported on Thursday third-quarter profit of $220.2 million.

ATLANTA — Genuine Parts Co. (GPC) on Thursday reported third-quarter profit of $220.2 million.

The Atlanta-based company said it had net income of $1.49 per share. Earnings, adjusted for non-recurring gains, came to $1.48 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.

The auto and industrial parts distributor posted revenue of $4.72 billion in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $4.73 billion.

Genuine Parts expects full-year earnings in the range of $5.60 to $5.70 per share.

Genuine Parts shares have increased slightly since the beginning of the year, while the Standard & Poor's 500 index has risen 5 percent. The stock has decreased nearly 2 percent in the last 12 months.

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