Genuine Parts Company (NYSE: GPC) surpassed earnings expectations in the second quarter of 2023, reporting adjusted earnings per share (EPS) of $2.44 compared to the consensus estimate of $2.34. However, quarterly sales fell short of expectations, totaling $5.915 billion compared to the consensus estimate of $5.96 billion.

The company is raising its full-year 2023 guidance for adjusted EPS to a range of $9.15 to $9.30 from the previous range of $8.95 to $9.10. Analysts' consensus estimate stands at $9.08 for the period.

$GPC is currently trading at $168.20 in pre-market, up $0.13 (0.08%).

In other news, American Airlines Group Inc. (Nasdaq: AAL) reported positive results for the second quarter of 2023, with adjusted EPS of $1.92, exceeding the consensus estimate of $1.58. Additionally, the company's revenue for the quarter reached $14.10 billion, while analysts were expecting $13.74 billion.

American Airlines is raising its full-year 2023 adjusted EPS outlook to a range of $3.00 to $3.75, compared to the consensus estimate of $3.08 for the period.

In pre-market, $AAL is currently trading at $18.30, down $0.30 (-1.61%) 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)