Investing.com - Genuine Parts reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Genuine Parts announced earnings per share of $2.2 on revenue of $5.6B. Analysts polled by Investing.com anticipated EPS of $2.03 on revenue of $5.3B.
Genuine Parts shares are up 1% from the beginning of the year and are trading at $142.73 , down-from-52-week-high.They are outperforming the S&P 500 which is down 17.73% from the start of the year.
Genuine Parts follows other major Consumer Discretionary sector earnings this month
Genuine Parts's report follows an earnings beat by Tesla on Wednesday, July 20, 2022, who reported EPS of $2.27 on revenue of $16.93B, compared to forecasts EPS of $1.81 on revenue of $16.54B.
Louis Vuitton ADR had beat expectations on Tuesday with second quarter EPS of $2.63 on revenue of $18.98B, compared to forecast for EPS of $2.59 on revenue of $18.36B.
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