— Advance Auto Parts, Inc. (NYSE: AAP)reported its fourth-quarter 2019 earnings of $1.64 per share vs. $1.35 per share expected.
— Net sales was almost flat at $2.11 billion, versus $2.12 billion expected, as comparable store sales edged up 0.1%.
— For fiscal year 2020, the company expects net sales in the range of $9.88-10.10 billion. Comparable store sales are projected to be flat to 2% during this period.
— Capital expenditures for the year are estimated in the range of $275-325 million.
— AAP stock ended its last trading session down 0.7% on Friday.
Labor market conditions improved once again and jobless claims dropped to about 400,000 after rising last week, as economic activity picked up. Stocks rallied in the action-packed week and benchmark
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