Advance Auto Parts reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.84 on revenue of $2.27B. Analysts polled by forecast EPS of $1.13 on revenue of $2,103M. That compared to EPS of $0.77 on revenue of $2.04B in the same period a year earlier. The company had reported EPS of $1.89 on revenue of $2.27B in the previous quarter.
For the year, Advance Auto Parts shares are up 79.77%, outperforming the S&P 500 which is up 1.96% year to date.
Advance Auto Parts follows other major Services sector earnings this month
On October 25, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Alibaba earnings missed analyst's expectations on November 2, with second quarter EPS of $1.4 on revenue of $85.15B. analysts expected EPS of $6.85 on revenue of $86.66B
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