Advance Auto Parts (AAP) Reports Q1 Loss, Tops Revenue Estimates

Advance Auto Parts (AAP) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.81. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 72.84%. A quarter ago, it was expected that this auto parts retailer would post a loss of $1.38 per share when it actually produced a loss of $1.18, delivering a surprise of 14.49%.Over the last four quarters, the co ...