Advance Auto Parts, Inc. (AAP): Q3 2019 Earnings Snapshot

—  Advance Auto Parts, Inc. (NASDAQ: AAP) reported third-quarter 2019 earnings of $2.10 per share, vs. $2.05 per share expected.

— Net
sales rose 1.6% to $2.3 billion, in line with market projection. Comparable
store sales edged up 1.2%.

— Narrows comparable sales guidance for fiscal 2019 to 1-1.5%, compared to the prior estimate of 1-2%. Outlook on full-year net sales remains unchanged.

— AAP shares were down 4.6% immediately following the announcement.

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