Advance Auto Parts 1Q Earnings Fall — Earnings Review
By DeanSealAdvance Auto Parts logged a slimmer profit and lower-than-expected sales for the first quarter. Here’s what you need to know.PROFIT: The automotive parts seller posted a profit of $42.7 million, or 72 cents a share, compared with $139.8 million, or $2.26 a share, in the same quarter a year ago. Analysts polled by FactSet had been expecting earnings of $2.56 a share.REVENUE: Quarterly sales rose 1.3% to $3.42 billion, below analyst forecasts for $3.43 billion, according to FactSet.WHAT WE WATCHED
OPERATING MARGIN: The company’s operating margin for the quarter was 2.6%, which was well below…
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