Advance Auto Parts Q2 Income Retreats 16%

(RTTNews) - Advance Auto Parts (AAP) released earnings for second quarter that lost ground compared to the same period last year.

The company said its earnings fell to $141.00 million, or $1.90 per share. This was down from $167.62 million, or $2.27 per share, in last year's second quarter.

Analysts had expected the company to earn $2.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.6% to $2.26 billion. This was down from $2.37 billion last year.

Advance Auto Parts earnings at a glance:

-Earnings (Q2): $141.00 Mln. vs. $167.62 Mln. last year. -Earnings Decline (Y-o-Y): -15.9% -EPS (Q2): $1.90 vs. $2.27 last year. -EPS Decline (Y-o-Y): -16.3% -Analysts Estimate: $2.13 -Revenue (Q2): $2.26 Bln vs. $2.37 Bln last year. -Revenue Change (Y-o-Y): -4.6%