Genuine Parts Company GPC reported earnings of $1.06 per share in first-quarter 2016 that were 1% higher than $1.05 recorded in the year-ago quarter. Earnings per share also surpassed the Zacks Consensus Estimate of $1.03. Genuine Parts Company (GPC) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany The company recorded net income of $158 million in the first quarter of 2016, down from $161 million in the prior-year quarter.Revenues in the reported quarter declined 0.5% year over year to $3.72 billion, missing the Zacks Consensus Estimate of $3.77 billion. The decline is attributable to a 1.5% negative currency impact, partially offset by benefits from acquisitions.Operating profit declined to $284.6 million from $290.4 million in the first quarter of 2015. Selling, general and administrative expenses decreased to $823.2 million from $825.6 million a year ago.Segment ResultsRevenues at the Automotive Parts segment went up 2% to $1.93 billion from the year-ago level of $1.89 billion. Revenues gained from core automotive growth and benefits from acquisitions. The segment’s operating profit increased to $153.7 million in the reported quarter from $150.6 million a year ago.Revenues at the Motion Industries or Industrial segment dropped 2.5% to $1.15 billion owing to lower sales volume and currency headwinds, partially offset by synergies from acquisitions. Operating profit at the segment declined to $81.8 million from $87.8 million in the year-ago quarter.The Electrical or EIS segment’s revenues fell 3% to $175.8 million. Operating profit decreased to $14.8 million from $15.5 million in the year-ago quarter.The S. P. Richards or Office Products segment’s revenues dropped 3% to $476.7 million. Operating profit at the segment declined to $34.2 million from $36.5 million a year ago.Financial PositionGenuine Parts had cash and cash equivalents of $205.1 million as of Mar 31, 2016, up from $166.5 million as of Mar 31, 2015. Long-term debt declined to $700 million as of Mar 31, 2016, from $893.7 million as of Mar 31, 2015.In the first quarter of 2016, Genuine Parts’ net cash flow from operations increased to $135 million from $122.5 million in the prior-year period. Capital expenditures dropped to $11.7 million from $16.4 million a year ago.Zacks RankGenuine Parts currently carries a Zacks Rank #3 (Hold).Some better-ranked automobile stocks include Federal-Mogul Holdings Corporation FDML, Cooper Tire & Rubber Co. CTB and Superior Industries International, Inc. SUP. All three stocks sport a Zacks Rank #1 (Strong Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SUPERIOR INDS (SUP): Free Stock Analysis Report FEDERAL MOGUL-A (FDML): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report COOPER TIRE (CTB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research