Form 8-K ADVANCE AUTO PARTS INC For: Aug 16

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Go back to Form 8-K ADVANCE AUTO PARTS INC For: Aug 16

BTIG Cuts Low Ests on Advanced Auto (AAP) Further Following Q2 Report; Affirms at 'Sell'

August 16, 2016 3:43 PM EDT

BTIG is cutting estimates on Sell-rated Advance Auto Parts (NYSE: AAP) following Q2 results issued earlier Tuesday. The firm reiterates its $120 price target on the stock.

Analyst Alan Rifkin said, AAP reported 2Q16 EPS of $1.90, $0.24 below our estimate of $2.14. Comp sales declined (4.1)%,... More

Advance Auto Parts (AAP) Misses Q2 EPS by 22c; Comps Fell 4.1%

August 16, 2016 8:13 AM EDT

Advance Auto Parts (NYSE: AAP) reported Q2 EPS of $1.90, $0.22 worse than the analyst estimate of $2.12. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $2.24 billion.

Comparable store sales fell 4.1 percent.

For earnings history and earnings-related data on Advance Auto Parts (AAP) click here.

... More