Genuine Parts Company (NYSE:GPC) reported Q1 EPS of $0.80, beating the consensus estimate for $0.75 per share. Revenues for the quarter were up 14.3% year-over-year to $2.97 billion, beating the consensus estimate for $2.86 billion.CEO Thomas C. Gallagher stated, "We are pleased to report another period of solid sales and earnings growth for the Company and are especially encouraged by the positive sales momentum in all four of our business units. Our Automotive Group produced a 9% sales increase for the second consecutive quarter, which reflects the solid execution of our sales initiatives combined with the positive fundamentals of the aftermarket. Our Industrial and Electrical businesses continue to turn in the strongest results among our four business segments."Shares of Genuine Parts are trading down 1.35% at $53.28.