Investing.com - Genuine Parts reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Genuine Parts announced earnings per share of $1.52 on revenue of $4.25B. Analysts polled by Investing.com anticipated EPS of $1.14 on revenue of $4.3B.
Genuine Parts shares are up 20% from the beginning of the year and are trading at $122.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.11% from the start of the year.
Genuine Parts shares gained 0.63% in pre-market trade following the report.
Genuine Parts follows other major Consumer Cyclical sector earnings this month
Genuine Parts's report follows an earnings beat by Pool on Thursday, who reported EPS of $2.32 on revenue of $1.06B, compared to forecasts EPS of $1.14 on revenue of $823.96M.
Whirlpool had beat expectations on Wednesday with first quarter EPS of $7.2 on revenue of $5.36B, compared to forecast for EPS of $5.04 on revenue of $4.79B.
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