AP NEWS

Advance Auto Parts: 4Q Earnings Snapshot

February 19, 2019

ROANOKE, Va. (AP) _ Advance Auto Parts Inc. (AAP) on Tuesday reported fourth-quarter net income of $53.4 million.

On a per-share basis, the Roanoke, Virginia-based company said it had net income of 74 cents. Earnings, adjusted for one-time gains and costs, came to $1.17 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.

The auto parts retailer posted revenue of $2.11 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $2.1 billion.

For the year, the company reported profit of $423.8 million, or $5.73 per share. Revenue was reported as $9.58 billion.

Advance Auto Parts expects full-year revenue in the range of $9.65 billion to $9.8 billion.

Advance Auto Parts shares have climbed 8 percent since the beginning of the year. The stock has risen 58 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAP at https://www.zacks.com/ap/AAP