Genuine Parts Co., the distributor of NAPA automotive replacement parts, on Thursday reported higher quarterly earnings, helped by the improving economy, Reuters reported.
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The news agency said Atlanta-based Genuine Parts, which also distributes industrial replacement parts and office products, said second-quarter net income rose to $US101.1 million, or 58 cents a share, from $90.1 million, or 52 cents a share, a year earlier.
Analysts had expected earnings of 57 cents a share, with estimates ranging from 56 cents to 58 cents, according to Reuters Estimates.
