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Stock Market & Financial Investment News

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April 8, 2014
11:41 EDTUSTR, ODP, GPCUnited Stationers down after Genuine Parts unit wins Office Depot contract
Shares of United Stationers (USTR) are moving lower after Office Products International, a publication for the office products industry, reported yesterday that S.P. Richards confirmed it won the first-call wholesale business for Office Depot (ODP) in the U.S. United Stationers and S.P. Richards, a unit of Genuine Parts (GPC), are both suppliers to Office Depot. Shares of United Stationers are down 4% to $38.08 in morning trading. Shares of Genuine Parts are up 1% to $85.63.
News For USTR;ODP;GPC From The Last 14 Days
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July 23, 2014
16:31 EDTUSTRUnited Stationers reports Q2 EPS 85c, consensus 85c
Reports Q2 revenue $1.32B, consensus $1.28B.
July 21, 2014
11:34 EDTGPCGenuine Parts raises FY14 EPS view to $4.54-$4.60 from $4.49-$4.59
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08:58 EDTGPCGenuine Parts CEO says company optimistic about growth prospects
Thomas C. Gallagher, chairman and CEO stated, "Looking ahead, we enter the second half of 2014 poised to demonstrate ongoing progress in driving improved results. We remain optimistic about our prospects for growth in each of our four businesses."
08:56 EDTGPCGenuine Parts reports Q2 comparative earnings up 9%
Thomas C. Gallagher, chairman and CEO stated, "We are pleased to report record sales as well as a solid 9% comparative earnings increase. Our 6% total sales increase includes 5% underlying sales growth and a 2.5% contribution from acquisitions offset by a currency headwind of approximately 1%. Our progress in the quarter was also supported by sales growth in all four of our business segments, with sales for the Automotive Group up 5% including 7% underlying growth offset by a 2% currency headwind. Sales at Motion Industries, our Industrial Group, were up 7% including 4% underlying growth and 3% from acquisitions. Sales at EIS, our Electrical/Electronic Group, increased by 32% due to acquisitions. Sales for S. P. Richards, our Office Products Group, were up 4% and includes 2% underlying growth along with 2% from acquisitions."
08:54 EDTGPCGenuine Parts reports Q2 EPS $1.28, consensus $1.26
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