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Advance Auto Parts: 3Q Earnings Snapshot

November 13, 2018

ROANOKE, Va. (AP) _ Advance Auto Parts Inc. (AAP) on Tuesday reported third-quarter net income of $115.8 million.

The Roanoke, Virginia-based company said it had profit of $1.56 per share. Earnings, adjusted for one-time gains and costs, were $1.89 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.

The auto parts retailer posted revenue of $2.27 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $2.23 billion.

Advance Auto Parts expects full-year revenue in the range of $9.55 billion to $9.6 billion.

Advance Auto Parts shares have increased 68 percent since the beginning of the year. The stock has more than doubled 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

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