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

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.
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