Genuine Parts slumps after cutting annual profit forecast

Genuine Parts

21/07/2026 14:47

** Shares of auto parts distributor Genuine Parts GPC.N fall 7% to about $114 in early trade
** Co trims full-year profit forecast as rising costs and a tougher consumer environment weighed on its expectations
** Lowers its 2026 profit forecast to a range of $5.90 to $6.40 per share from its earlier $6.10 to $6.60 per share projection
     ** Its second-quarter adjusted profit came in at $2.15 per share, above analysts' average estimate of $2.08 per share - data compiled by LSEG
** Co's quarterly revenue rose 6% to $6.54 billion, beating analysts' average estimate of $6.43 billion
** Including session's moves, shares down 6.4% YTD

 (Reporting by Apratim Sarkar in Bengaluru)
 ((Apratim.Sarkar@thomsonreuters.com))