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 $2.23 on revenue of $5.68. Analysts polled by Investing.com anticipated EPS of $2.05 on revenue of $5.38B.
Genuine Parts shares are down 9.69% from the beginning of the year and are trading at $158.97 , down-from-52-week-high.
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 $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
Nike had beat expectations on Thursday, September 29, 2022 with first quarter EPS of $0.93 on revenue of $12.69B, compared to forecast for EPS of $0.922 on revenue of $12.28B.
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