22.05.2018 12:35:36

Advance Auto Parts Q1 adjusted earnings Beat Estimates

(RTTNews) - Advance Auto Parts (AAP) announced a profit for its first quarter that increased from the same period last year.

The company's bottom line totaled $136.73 million, or $1.84 per share. This compares with $107.96 million, or $1.46 per share, in last year's first quarter.

Excluding items, Advance Auto Parts reported adjusted earnings of $156.09 million or $2.10 per share for the period.

Analysts had expected the company to earn $1.97 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 11.1% to $2.57 billion from $2.89 billion last year.

Advance Auto Parts earnings at a glance:

-Earnings (Q1): $156.09 Mln. vs. $118.36 Mln. last year. -EPS (Q1): $2.10 vs. $1.60 last year. -Analysts Estimate: $1.97 -Revenue (Q1): $2.57 Bln vs. $2.89 Bln last year.

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Advance Auto Parts Inc. 45,70 2,27% Advance Auto Parts Inc.