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Genuine Parts: Q4 Earnings Snapshot
Genuine Parts Co. (GPC) reported a significant loss of $609.5 million in its fourth quarter, translating to $4.39 per share, missing Wall Street expectations. Adjusted earnings were $1.55 per share, below the average analyst estimate of $1.79. The company’s revenue of $6.01 billion also fell short of forecasts, and it projects full-year earnings between $7.50 and $8 per share.