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Why Advance Auto Parts Is Tuesday’s Biggest Earnings Winner

When Advance Auto Parts Inc. (NYSE: AAP) reported its third-quarter financial results before the markets opened on Tuesday, they were mixed. Yet, it seems that this auto parts chain might be making a comeback after a disastrous year so far.

Before Tuesday’s move, shares had been cut in half year to date. While this has been a gradual slide, it hasn’t helped that Amazon is breaking into this industry as well.

The auto parts retailer posted $ 1.43 in earnings per share (EPS) and $ 2.18 billion in revenue, compared with consensus estimates from Thomson Reuters of $ 1.21 in EPS on revenue of $ 2.21 billion. The same period of last year reportedly had EP…
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