Genuine Parts Co., the distributor of NAPA automotive replacement parts, on Thursday reported higher quarterly earnings, helped by the improving economy, Reuters reported.
Go deeper with GlobalData
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.
