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Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

RTTNews | 1166 hari yang lalu

Genuine Parts Boosts FY23 Adj. EPS Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, Genuine Parts Co. (GPC) raised its adjusted earnings guidance for the full-year 2023, while reaffirming annual total net sales growth.

For fiscal 2023, the company now projects both earnings and adjusted earnings in a range of $9.15 to $9.30 per share on total sales growth of 4 to 6 percent.

Previously, the company expected both earnings and adjusted earnings in the range of $8.95 to $9.10 per share on total sales growth of 4 to 6 percent.

On average, 13 analysts polled by Thomson Reuters expect the company to report earnings of $9.08 per share on revenues of $23.44 billion for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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