Advance Auto Parts Q1 Income Climbs 5%

(RTTNews) - Advance Auto Parts (AAP) reported a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line climbed to $186.10 million, or $2.51 per share. This was higher than $176.48 million, or $2.39 per share, in last year's first quarter.

Analysts had expected the company to earn $2.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.0% to $2.98 billion. This was down from $3.04 billion last year.

Advance Auto Parts earnings at a glance:

-Earnings (Q1): $186.10 Mln. vs. $176.48 Mln. last year. -Earnings Growth (Y-o-Y): 5.5% -EPS (Q1): $2.51 vs. $2.39 last year. -EPS Growth (Y-o-Y): 5.0% -Analysts Estimate: $2.60 -Revenue (Q1): $2.98 Bln vs. $3.04 Bln last year. -Revenue Change (Y-o-Y): -2.0%