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Advance Auto Parts: 2Q Earnings Snapshot

August 18, 2020 GMT

RALEIGH, N.C. (AP) _ Advance Auto Parts Inc. (AAP) on Tuesday reported second-quarter profit of $190 million.

On a per-share basis, the Raleigh, North Carolina-based company said it had net income of $2.74. Earnings, adjusted for one-time gains and costs, were $2.92 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.

The auto parts retailer posted revenue of $2.5 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $2.36 billion.

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Advance Auto Parts shares have risen 0.5% since the beginning of the year. The stock has risen 17% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAP at https://www.zacks.com/ap/AAP

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