the republic logo

Correction: Earns-Advance Auto Parts story


ROANOKE, Virginia — In a story about Advance Auto Parts Inc.'s fourth-quarter earnings, The Associated Press reported erroneously that adjusted earnings per share comparable with Wall Street estimates were $1.37 per share. Adjusted for an extra week, the quarterly earnings were $1.54 per share, beating Wall Street expectations.

A corrected version of the story is below:

Advance Auto Parts beats Street 4Q forecasts

Advance Auto Parts posts 4Q profit, results beat Street expectations

ROANOKE, Virginia — Advance Auto Parts Inc. (AAP) on Thursday reported fourth-quarter profit of $84.4 million.

The Roanoke, Virginia-based company said it had net income of $1.15 per share. Earnings, adjusted for one-time gains and costs, were $1.54 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The auto parts retailer posted revenue of $2.24 billion in the period, which also did not meet Street forecasts. Analysts expected $2.28 billion, according to Zacks.

For the year, the company reported profit of $493.8 million, or $6.71 per share. Revenue was reported as $9.84 billion.

Advance Auto Parts expects full-year earnings in the range of $8.35 to $8.55 per share.

Advance Auto Parts shares have climbed 2 percent since the beginning of the year. The stock has risen 32 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AAP at


Keywords: Advance Auto Parts, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.