Advance Auto Parts Q3 Income Retreats 11%

(RTTNews) - Advance Auto Parts (AAP) released a profit for third quarter that declined compared to the same period last year.

The company said its profit totaled $128.61 million, or $1.73 per share. This was down from $144.20 million, or $1.95 per share, in last year's third quarter.

Analysts had expected the company to earn $1.71 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.2% to $2.25 billion. This was down from $2.30 billion last year.

Advance Auto Parts earnings at a glance:

-Earnings (Q3): $128.61 Mln. vs. $144.20 Mln. last year. -Earnings Decline (Y-o-Y): -10.8% -EPS (Q3): $1.73 vs. $1.95 last year. -EPS Decline (Y-o-Y): -11.3% -Analysts Estimate: $1.71 -Revenue (Q3): $2.25 Bln vs. $2.30 Bln last year. -Revenue Change (Y-o-Y): -2.2%