Genuine Parts: Q3 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Tuesday reported third-quarter profit of $224.4 million.

The Atlanta-based company said it had profit of $1.62 per share. Earnings, adjusted for one-time gains and costs, came to $2.07 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.

The auto and industrial parts distributor posted revenue of $6.52 billion in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $6.5 billion.

Genuine Parts expects full-year earnings in the range of $7.50 to $7.75 per share.

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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