Investing.com - Genuine Parts reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Genuine Parts announced earnings per share of $1.88 on revenue of $4.82B. Analysts polled by Investing.com anticipated EPS of $1.64 on revenue of $4.68B.
Genuine Parts shares are up 29% from the beginning of the year and are trading at $130.80 , down-from-52-week-high.They are outperforming the S&P 500 which is up 20.77% from the start of the year.
Genuine Parts shares gained 0.89% 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 Tesla on Wednesday, who reported EPS of $1.86 on revenue of $13.76B, compared to forecasts EPS of $1.52 on revenue of $13.57B.
Nike had beat expectations on Thursday, September 23, 2021 with first quarter EPS of $1.16 on revenue of $12.25B, compared to forecast for EPS of $1.12 on revenue of $12.47B.
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