Genuine Parts Company ($GPC) reported third-quarter earnings that fell short of analyst expectations, posting earnings per share (EPS) of $1.88 compared to the anticipated $2.42. The company also reported sales of $5.97 billion for the quarter. Following this earnings miss, Genuine Parts lowered its full-year earnings outlook, leading to a significant decline in its stock price, which dropped by 14.9% in pre-market trading and ultimately fell by as much as 20% during the day. This downturn reflects broader industrial weakness impacting the company and the automotive parts sector.