Advance Auto Parts (AAP) PT Raised to $210 at Sterne Agee CRT; $10 EPS Power in Focus
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Advance Auto Parts Reports Second Quarter Fiscal 2015 Comparable Cash EPS Growth of 9.1% to $2.27
August 13, 2015 8:30 AM EDTROANOKE, Va.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), the largest automotive aftermarket parts provider in North America, serving both professional installer and do-it-yourself customers, today announced its financial results for the second quarter ended July 18, 2015. Second quarter comparable cash earnings per diluted share (Comparable Cash EPS) were $2.27, which included a $0.03 unfavorable impact from foreign currency and was an increase of 9.1% versus the second quarter last year. These second quarter comparable results exclude $0.08 of amortization of acquired intangible assets and integration costs of $0.16 primarily associated with the acquisition of General Parts International, Inc. (General Parts).
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