WASHINGTON (dpa-AFX) - Genuine Parts Co. (GPC) reported that net income for the first-quarter ended March 31, 2015 was $161.0 million, up 2% from $157.5 million in the same quarter of the previous year. Earnings per share were $1.05, up 3% compared to $1.02 for the first quarter last year.
Sales for the first quarter increased 3% to $3.7 billion compared to sales of $3.6 billion for the same period in 2014.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.05 per share and revenues of $3.79 billion for the quarter. Analysts' estimates typically exclude special items.
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