07:18 AM EDT, 04/18/2024 (MT Newswires) -- Genuine Parts ( GPC ) reported Q1 adjusted earnings Thursday of $2.22 per diluted share, up from $2.14 a year earlier.

Analysts polled by Capital IQ expected $2.16.

Net sales for the quarter ended March 31 were $5.78 billion, up from $5.77 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.84 billion.

The company said it now expects 2024 adjusted EPS of $9.80 to $9.95, up from its previous range of $9.70 to $9.90. Analysts polled by Capital IQ expect $9.78.

Sales for the current year is still projected to grow 3% to 5%, the company said.

Shares of the company were up 2% in recent Thursday premarket activity.