Genuine Parts falls after lowering full-year profit forecast

Genuine Parts

23/07/2024 14:13

** Shares of automotive replacement parts distributor
Genuine Parts  GPC.N  fall ~3% to $134.25 premarket
    ** GPC lowers its profit forecast for 2024 as macroeconomic
pressures weigh
    ** Company now sees 2024 adjusted EPS to be between $9.30
and $9.50, compared with the earlier range of $9.80 to $9.95
    ** Stock down marginally YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))