UPDATE 1-Genuine Parts posts higher fourth-quarter profit

Newswire

(Adds detail, share price) DETROIT, Feb 19 (Reuters) - Genuine Parts Co, a distributor of automotive and industrial replacement parts, on Tuesday reported a 5.5 percent rise in quarterly earnings on cost-cutting and higher sales to manufacturing-based customers. The gain in earnings fell short of Wall Street expectations and shares of the Atlanta-based company slipped as much as 1.5 percent in early trade on the New York Stock Exchange. Net income rose to $126.1 million, or 75 cents ...

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