Genuine Parts Co. said its second-quarter normalized net income came to $1.27 per share, compared with the S&P Capital IQ consensus estimate of $1.32 per share.
In the prior-year period, the per-share result was a profit of $1.25.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $193.8 million, compared with $193.9 million in the prior-year period.
The normalized profit margin fell to 4.9% from 5.0% in the year-earlier period.
Total revenue came to $3.94 billion, compared with $3.91 billion in the year-earlier period, and total operating expenses totaled $3.62 billion, compared with $3.59 billion in the prior-year period.
Reported net income came to $195.8 million, or $1.28 per share, compared with $197.8 million, or $1.28 per share, in the year-earlier period.
