Genuine Parts Cuts Top End of Earnings Outlook; Shares Fall 6.28%
Genuine Parts lowered the top end of its annual adjusted earnings outlook to $7.75 from $8.00. Shares fell 6.28% to $122.00 in premarket trading.
Replacement-parts distributor Genuine Parts NYSE:GPC fell 6.28% to $122.00 in premarket trading at 8:23 a.m. ET on October 20 after cutting the top end of its annual adjusted earnings outlook to $7.75 from $8.00. Nine-month adjusted earnings reached $5.99 a share, leaving $1.51$1.76 to deliver in t…