Genuine Parts Co. (GPC) shares are gaining more than 12 percent on Thursday morning trade after the company reaffirmed its full year sales growth outlook and boosted earnings per share and adjusted earnings view.
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Genuine Parts Co. (GPC), while reporting weak profit in its first quarter, on Thursday updated fiscal 2024 adjusted earnings outlook above market estimates, and reaffirmed revenue growth forecast.
US stocks were mostly lower on Thursday with the S&P 500 and Nasdaq falling for the fifth straight day as another rise in bond yields dampened risk appetite
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