Genuine Parts Slashes 2026 Profit Outlook, Stock Falls

Genuine Parts Co. (NYSE:GPC) stock fell in Tuesday’s premarket trading after the company reported mixed third-quarter results and lowered its full-year earnings outlook. The automotive and industrial parts distributor reported adjusted earnings of $2.07 per share, beating the analyst estimate of $2.05. However, revenue of $6.521 billion narrowly missed expectations of $6.523 billion. The company also cut its 2026 GAAP earnings forecast to $5.60 to $5.85 per share from $5.90 to $6.40. The revised