Genuine Parts Co. (GPC) Stock Plunges on Mixed Q3 Earnings, Grim Outlook

Genuine Parts Co. (GPC) stock plummeted after the company reported disappointing third-quarter earnings, with adjusted earnings per share (EPS) missing analyst estimates and a downgraded revenue outlook. The company attributed the weak performance to challenging market conditions in Europe and its industrial business. Despite sales growth, profit margins contracted across segments, raising concerns about the company’s future prospects.

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