Investing.com - Genuine Parts reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Genuine Parts announced earnings per share of $1.86 on revenue of $5.30B. Analysts polled by Investing.com anticipated EPS of $1.68 on revenue of $5.06B.
Genuine Parts shares are down 1% from the beginning of the year, still down 3.71% from its 52 week high of $142.97 set on January 5. They are outperforming the S&P 500 which is down 6.44% 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, who reported EPS of $3.22 on revenue of $18.76B, compared to forecasts EPS of $2.24 on revenue of $17.63B.
BYD ADR had missed expectations on March 29 with first quarter EPS of $0.0661 on revenue of $11.18B, compared to forecast for EPS of $0.2333 on revenue of $6.72B.
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