Investing.com - Genuine Parts reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Genuine Parts announced earnings per share of $1.79 on revenue of $4.80B. Analysts polled by Investing.com anticipated EPS of $1.59 on revenue of $4.66B.
Genuine Parts shares are down 7% from the beginning of the year, still down 9.10% from its 52 week high of $142.97 set on January 5. They are under-performing the S&P 500 which is down 6.11% from the start of the year.
Genuine Parts shares gained 0.03% in pre-market trade following the report.
Genuine Parts follows other major Consumer Discretionary sector earnings this month
Genuine Parts's report follows an earnings beat by Amazon.com on February 3, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Tesla had beat expectations on January 26 with fourth quarter EPS of $2.54 on revenue of $17.72B, compared to forecast for EPS of $2.36 on revenue of $17.13B.
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