RICHMOND, Va. (AP) -- Advance Auto Parts says its fourth-quarter profit fell 24% on costs related to the acquisition of two car parts suppliers.
Its adjusted earnings and revenue beat Wall Street expectations, however.
The company reported net income of $49.3 million, or $0.67 per share, for the quarter, down from $65.1 million, or $0.88 per share, a year ago.
Advance Auto Parts said adjusted earnings were $0.94 per share. Analysts expected earnings of $0.81 per share.
Revenue increased 6% to $1.41 billion. Analysts expected revenue of $1.39 billion.
Advance Auto Parts, based in Roanoke, Va., operates more than 5,295 stores in the U.S., Puerto Rico and the Virgin Islands.
