Advance Auto Parts gaps higher following earnings
Advance Auto Parts, Inc. (AAP) is up 5.8% Tuesday morning following the company’s better than expected second-quarter earnings report. The auto parts retailer posted adjusted earnings of $1.97 per share on sales of $2.33 billion. Analysts had forecast earnings of $1.85 per share and revenue of $2.27 billion.
Advance Auto Parts, Inc. (AAP) is an auto parts retailer.
Square, Inc. (SQ) and HCA Healthcare, Inc. (HCA) top the list of other companies with positive news today, while Switch, Inc. (SWCH) and Cognizant Technology Solutions Corporation (CTSH) top the list of companies with negative news.
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About Advance Auto Parts Inc W/I
Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in North America. Advance operated 5,109 stores as of the end of 2018, in addition to servicing 1,231 independently owned Carquest stores. The company's Worldpac unit is a premier distributor of imported original-equipment parts. Advance derived 58% of its 2018 sales from commercial clients, up from 30%-40% before the General Parts deal.