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

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Advance Auto Parts Reports Second Quarter Fiscal 2016 Results

August 16, 2016 6:30 AM EDT

ROANOKE, Va.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading 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 16, 2016. Second quarter GAAP earnings per diluted share (Diluted EPS) were $1.68. Second quarter Adjusted earnings per diluted share (Adjusted EPS) were $1.90 which exclude $0.08 of amortization of acquired intangible assets and integration and restructuring costs of $0.14, primarily associated with the acquisition of General Parts International, Inc. (General Parts).

                    Second Quarter Performance Summary          ... More