Advance Auto Parts 3Q earnings $59M vs $58.9M |
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Published
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Wed, 31 Oct 2007 21:39
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NEW YORK (Thomson Financial) - Advance Auto Parts Inc. Wednesday reported third-quarter earnings of $59 million, or 57 cents a share, up slightly from a year-ago profit of $58.9 million, or 56 cents a share.Excluding certain items, such as severance costs and asset write-offs, the Roanoke, Va., car parts seller said it earned 61 cents a share in the latest quarter.Sales rose to $1.16 billion in the quarter from $1.1 billion in the same period a year earlier. Same-store sales rose 1.1% for the quarter.The mean estimate of analysts polled by Thomson Financial was for a profit of 58 cents a share in the latest quarter on revenue of $1.14 billion.For the fourth quarter, Advance Auto expects earnings of 36 to 40 cents a share. Wall Street's current consensus estimate is for a profit of 38 cents a share in the period.For 2007, the company forecast adjusted earnings, excluding items, of $2.32 to $2.36 a share. It sees free cash flow of $200 million to $220 million for the year.Michael BaronmbCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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