ATLANTA (AP) _ Genuine Parts Co. (GPC) on Thursday reported first-quarter earnings of $245.8 million.
On a per-share basis, the Atlanta-based company said it had profit of $1.72. Earnings, adjusted for non-recurring costs, were $1.86 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The auto and industrial parts distributor posted revenue of $5.29 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $5.13 billion.
Genuine Parts expects full-year earnings in the range of $7.70 to $7.85 per share.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPC at https://www.zacks.com/ap/GPC