Genuine Parts posts lower profit

Newswire

CHICAGO, Oct 16 (Reuters) - Genuine Parts Co. , a distributor of automotive and industrial replacement parts, on Thursday said its quarterly earnings fell, hurt by weak sales of industrial and electrical products.

The Atlanta-based company, which supplies auto parts under the NAPA name, said third-quarter net income declined to $88 million, or 51 cents a share, from $94 million, or 54 cents a share, a year ago.

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