Auto parts distributor Genuine Parts reported first-quarter profit above market expectations on Tuesday, as cost cutting and acquisition of more stores offset weaker demand in the U.S. and Europe.

Genuine Parts Co (NYSE:GPC) reported total sales of ... reflecting ongoing pressure from softer organic sales in the US and Europe. Adjusted earnings per share for the first quarter were down ...

Then you listen to the conference call of Genuine Parts and CEO Will Stengel tells us, Genuine's getting slammed by conditions in Europe and their industrial business. Well, most people didn't ...