Advance Auto Parts up 8% Following Strong Q4 Earnings
Advance Auto Parts (NYSE: AAP) is trading higher on the session following its Q4 earnings announcement this morning. The company reported EPS of $0.90 vs $0.75 estimate and revenues $1.33 billion vs $1.32 billion estimate.
Darren R. Jackson, President and Chief Executive Officer of Advanced Auto Parts said, “Once again, our team reached many record strategic and financial milestones in 2011 including sales of over $6 billion, continued improvement in customer satisfaction, and record profitability, free cash flow and returns on invested capital. Based on our Team's focus on execution combined with strong industry fundamentals, we expect 2012 will be another successful year.”
Advance Auto Parts is currently trading at $85.96, a gain of $6.56 or 8.26%.
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