Advance Auto Parts (AAP) revealed a profit for fourth quarter that dropped compared to the same period last year.
The company said its profit came in at $57.20 million, or $0.77 per share. This was down from $74.44 million, or $1.00 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 1.9% to $2.04 billion. This was down from $2.08 billion last year.
Advance Auto Parts earnings at a glance:
-Earnings (Q4): $57.20 Mln. vs. $74.44 Mln. last year.
-Earnings Decline (Y-o-Y): -23.2%
-EPS (Q4): $0.77 vs. $1.00 last year.
-EPS Decline (Y-o-Y): -23.0%
-Analysts Estimate: $0.63
-Revenue (Q4): $2.04 Bln vs. $2.08 Bln last year.
-Revenue Change (Y-o-Y): -1.9%
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