Advance Auto Parts: Q1 Earnings Snapshot

RALEIGH N C AP RALEIGH N C AP Advance Auto Parts Inc AAP on Thursday announced first-quarter net income of million The Raleigh North Carolina-based company commented it had net income of cents per share Losses adjusted for one-time gains and costs were cents per share The results surpassed Wall Street expectations The average estimate of analysts surveyed by Zacks Outlay Research was for a loss of cents per share The auto parts retailer posted revenue of billion in the period also beating Street forecasts Nine analysts surveyed by Zacks expected billion Advance Auto Parts expects full-year earnings in the range of to per share with revenue in the range of billion to billion Advance Auto Parts shares have fallen since the beginning of the year The stock has declined in the last months This story was generated by Automated Insights http automatedinsights com ap using figures from Zacks Venture Research Access a Zacks stock assessment on AAP at https www zacks com ap AAP Source