Advance Auto Parts Q2 EPS $1.43 Misses $1.66 Estimate, Sales $2.69B Beat $2.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts (NYSE:AAP) reported Q2 earnings of $1.43 per share, missing the analyst consensus estimate of $1.66 by 13.86%. This is a 61.76% decrease from the same period last year. The company also reported quarterly sales of $2.39 billion, missing the analyst consensus estimate of $2.66 billion by 10.30%. This is a 10.47% decrease from the same period last year.
August 23, 2023 | 10:31 am
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NEGATIVE IMPACT
Advance Auto Parts reported lower than expected Q2 earnings and sales, with a significant YoY decrease. This could negatively impact the stock price in the short term.
Advance Auto Parts reported a significant decrease in earnings and sales compared to the same period last year, and also missed analyst estimates. This is likely to be viewed negatively by investors, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100