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.


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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