Genuine Parts Company (NYSE:GPC) posted a 16% rise in profit to $146.3 million or 93 cents per share in the first quarter of 2012 from $126.5 million or 80 cents in the same quarter of last year. With this, the auto parts maker outdid the Zacks Consensus Estimate by 7 cents per share.
Sales in the quarter grew 7% to $3.2 billion, which was in line with the Zacks Consensus Estimate. The improvement was attributable to strong sales in mainly Automotive and Industrial segments. Operating profit rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards