ROANOKE, Va. (AP) _ Advance Auto Parts Inc. (AAP) on Tuesday reported third-quarter earnings of $96 million.
The Roanoke, Virginia-based company said it had profit of $1.30 per share. Earnings, adjusted for one-time gains and costs, were $1.43 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The auto parts retailer posted revenue of $2.18 billion in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $2.21 billion.
Advance Auto Parts shares have fallen 51 percent since the beginning of the year. The stock has declined 43 percent in the last 12 months.