Please ensure Javascript is enabled for purposes of website accessibility

Advance Auto Parts Q4 Profit Falls on Acquisitions

By Associated Press – Feb 6, 2014 at 10:20AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Its adjusted earnings and revenue beat Wall Street expectations, however.

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.

link

The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Related Articles

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.