page contents

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…
24/7 Wall St.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close