Investing.com - Genuine Parts reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Genuine Parts announced earnings per share of $1.5 on revenue of $4.64B. Analysts polled by Investing.com anticipated EPS of $1.52 on revenue of $4.33B.
Genuine Parts shares are up 28% from the beginning of the year and are trading at $129.17 , down-from-52-week-high.They are outperforming the S&P 500 which is up 16.04% from the start of the year.
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 $6.18 on revenue of $1.79B, compared to forecasts EPS of $5.49 on revenue of $1.73B.
Whirlpool had beat expectations on Wednesday with second quarter EPS of $6.64 on revenue of $5.32B, compared to forecast for EPS of $5.95 on revenue of $5.05B.
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