Advance Auto Parts Stock Skids After Earnings Beat. Here’s Why.

Published 2 months ago Neutral
Advance Auto Parts Stock Skids After Earnings Beat. Here’s Why.
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Shares of Advance Auto Parts were falling sharply Thursday after the company beat earnings expectations but issued a gloomy forecast for the rest of the year. Advance Auto posted adjusted earnings of 69 cents a share for its second quarter, surpassing Wall Street’s call for 56 cents, according to FactSet. Comparable-store sales rose 0.1% from the prior year, in line with consensus estimates.

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