Advance Auto Parts: 4Q Earnings Snapshot
ROANOKE, Va. (AP) _ Advance Auto Parts Inc. (AAP) on Tuesday reported fourth-quarter net income of $53.4 million.
On a per-share basis, the Roanoke, Virginia-based company said it had net income of 74 cents. Earnings, adjusted for one-time gains and costs, came to $1.17 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The auto parts retailer posted revenue of $2.11 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $2.1 billion.
For the year, the company reported profit of $423.8 million, or $5.73 per share. Revenue was reported as $9.58 billion.
Advance Auto Parts expects full-year revenue in the range of $9.65 billion to $9.8 billion.
Advance Auto Parts shares have climbed 8 percent since the beginning of the year. The stock has risen 58 percent in the last 12 months.