Investing.com - Genuine Parts reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Genuine Parts announced earnings per share of $1.63 on revenue of $4.37B. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $4.37B.
Genuine Parts shares are down 3% from the beginning of the year and are trading at $102.02 , down-from-52-week-high.They are under-performing the S&P 500 which is up 6.34% from the start of the year.
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 $0.76 on revenue of $8.77B, compared to forecasts EPS of $0.57 on revenue of $8.26B.
Ferrari NV had missed expectations on Thursday, September 24, 2020 with third quarter EPS of $0.05 on revenue of $670.24M, compared to forecast for EPS of $0.06 on revenue of $670.08M.
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