Advance Auto Parts Inc (NYSE:AAP) Reveals 2Q19 Profit Up, Surrender To Market Expectation

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Advance Auto Parts Inc (NYSE:AAP) announced second quarter financial results before market open today that surrender to street expectation

The company AAP come out with income for the second quarter of $ 124.82 million or $ 1.73 per share, compared to income of $ 117.84 million or $ 1.59 per share, in the same quarter last year.

AAP recorded second quarter Non-GAAP net income of $ 144.06 million or or $ 2.00 per share

Topline results for the second quarter down 4.06 percent to $ 2232.25 million from $ 2326.65 million in the same quarter last year

The consensus estimates are income of $ 2.21 per share from $ 2356.14 million in revenue.

Analysts estimates are from Thomson Reuters, exclude one time gain or loss.

Tom Greco, President and Chief Executive Officer, said, while the second quarter was challenging, we continue to make progress, including building a differentiated Customer Value Proposition in both Professional and DIY Omnichannel in addition to driving productivity for the long term.

Moving forward, AAP revised net sales for 2019 from previous estimates range of $ 9650.00 million ~ $ 9800.00 million to a new range $ 9650.00 million ~ $ 9750.00 million

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