Genuine Parts (GPC) Misses Q1 EPS by 23c

Genuine Parts (NYSE: GPC) reported Q1 EPS of $0.92, $0.23 worse than the analyst estimate of $1.15. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.6 billion.

2020 Outlook

On April 6, 2020, the Company withdrew its full-year 2020 guidance. Due to the economic uncertainty as a result of the rapidly evolving COVID-19 pandemic and the limited visibility on the impacts to our businesses, we cannot reasonably estimate the Company's full year financial and operating results at this time. Therefore, we will not be providing annual guidance updates until macro-economic conditions improve.

For earnings history and earnings-related data on Genuine Parts (GPC) click here.

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