Genuine Parts (GPC -2.2%) slips this morning, despite a solid Q2 earnings beat. Investors are...

|About: Genuine Parts Company (GPC)|By:, SA News Editor

Genuine Parts (GPC -2.2%) slips this morning, despite a solid Q2 earnings beat. Investors are reacting to the company's cut to its FY revenue growth forecast. It now sees FY EPS of $4.50 - $4.60, with bias to mid-lower end. Street consensus is still in range however, albeit towards the bottom-end at $4.51. The company cites an uneven econonmy and weakness in its nonautomotive business units for the lower guidance.