Investing.com -- Genuine Parts Co (NYSE:GPC) posted mixed results for the fourth quarter of fiscal 2024, missing earnings per share (EPS) expectations while generating better-than-expected revenue.
The company's shares climbed less than 1% in premarket trading Tuesday.
The auto and industrial replacement parts provider reported Q4 EPS of $1.61, short of analysts' expectations of $1.64. The company reported revenue of $5.77 billion for the quarter, slightly exceeding the anticipated $5.73 billion.
Comparable sales declined by 0.5% during the period.
"I would like to thank our global GPC teammates for their hard work and dedication to serving our customers throughout 2024," said Will Stengel, President and CEO of Genuine Parts.
"While the year presented challenges due to macroeconomic conditions and softer end-market demand, we remained focused on controlling what we could—advancing our strategic initiatives to strengthen the business and effectively managing our operations."
Looking ahead, Genuine Parts projects fiscal 2025 EPS in the range of $7.75 to $8.25, compared with the market consensus of $8.29.
The company also expects revenue growth between 2% and 4% for the year.
Related Articles
Genuine Parts delivers mixed Q4 results, stock slightly higher
US paper industry asks Trump to seek lighter EU deforestation rules
UK announces defense sector overhaul
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。