Markets
AAP

Advance Auto Parts Q4 adjusted earnings Miss Estimates

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

The company's profit totaled $111.99 million, or $1.65 per share. This compares with $95.91 million, or $1.38 per share, in last year's fourth quarter.

Excluding items, Advance Auto Parts reported adjusted earnings of $126.94 million or $1.87 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 rose 12.3% to $2.37 billion from $2.11 billion last year.

Advance Auto Parts earnings at a glance:

-Earnings (Q4): $126.94 Mln. vs. $113.713 Mln. last year. -EPS (Q4): $1.87 vs. $1.64 last year. -Analysts Estimate: $1.97 -Revenue (Q4): $2.37 Bln vs. $2.11 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AAP

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More