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Despite a top- and bottom-line beat in the second quarter, shares of Genuine Parts ( NYSE: GPC) are under pressure in ...
Genuine Parts Company cut its annual profit forecast on Tuesday due to tariff-related uncertainty, sending the shares of the auto parts distributor down nearly 1% before the bell.
The impact is particularly severe on vehicles with a high proportion of imported components, including those assembled in the United States with parts from Canada, Mexico, and Europe, according to the ...