Advance Auto Parts: Q2 Earnings Snapshot
By AP News
Published - Aug 22, 2024, 06:37 AM ET
Last Updated - Aug 22, 2024, 06:37 AM EDT
RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — Advance Auto Parts Inc. (AAP) on Thursday reported second-quarter earnings of $45 million.
On a per-share basis, the Raleigh, North Carolina-based company said it had net income of 75 cents.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The auto parts retailer posted revenue of $2.68 billion in the period, beating Street forecasts. Nine analysts surveyed by Zacks expected $2.67 billion.
