Investing.com - Genuine Parts reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Genuine Parts announced earnings per share of $0.92 on revenue of $4.56B. Analysts polled by Investing.com anticipated EPS of $1.16 on revenue of $4.62B. That with comparison to EPS of $1.28 on revenue of $4.74B in the same period a year before.Genuine Parts had reported EPS of $1.35 on revenue of $4.71B in the previous quarter.Analysts are expecting EPS of $1.25 and revenue of $4.62B in the upcoming quarter.
Genuine Parts shares are down 29% from the beginning of the year and are trading at $75.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.6% year to date.
Genuine Parts follows other major Consumer Cyclical sector earnings this month
Genuine Parts's report follows an earnings beat by Tesla on Wednesday, April 29, 2020, who reported EPS of $1.24 on revenue of $5.99B, compared to forecasts EPS of $-0.28 on revenue of $6.11B.
Volkswagen 10 Pref ADR had beat expectations on Wednesday, April 29, 2020 with first quarter EPS of $0.08 on revenue of $59.75B, compared to forecast for EPS of $0.07 on revenue of $58.53B.
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