Advance Auto Parts Q1 2024 GAAP EPS $0.67 Beats $0.64 Estimate, Sales $3.406B Miss $3.425B Estimate
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts (NYSE:AAP) reported Q1 2024 earnings per share (EPS) of $0.67, beating the analyst estimate of $0.64. However, sales of $3.406 billion missed the estimate of $3.425 billion. Both EPS and sales showed a decline compared to the same period last year.
May 29, 2024 | 10:32 am
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Advance Auto Parts reported Q1 2024 EPS of $0.67, beating estimates but showing a decline from last year. Sales missed estimates and also declined year-over-year.
While the EPS beat estimates, the decline in both EPS and sales compared to last year, along with the sales miss, creates a mixed outlook. This could result in a neutral short-term impact on the stock price.
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