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Investing.com -- Advance Auto Parts delivered a stronger-than-expected earnings for the third quarter and tightened its full-year guidance.
Shares in the automotive aftermarket parts provider surged over 10% in premarket trading Thursday.
The company reported earnings of $0.92 per share, above the $0.77 expected by analysts. Revenue came in at $2 billion, roughly in line with the $2.02 billion consensus.
Comparable store sales rose 3% for the period.
"We delivered our strongest quarterly performance in over two years, thanks to the team’s determination, commitment to our turnaround objectives, and their dedication to serving our customers," said Shane O’Kelly, president and CEO of Advance Auto Parts .
"Our comparable sales performance was led by growth in the Pro channel. The DIY channel also delivered positive comparable sales growth in the quarter. We continue to make progress on our strategic priorities, and based on our updated guidance we are on track to deliver approximately 200-basis points of annual margin expansion in the first year of our turnaround."
Advance Auto Parts now expects full-year 2025 earnings of $1.75 to $1.85 per share, narrowing its previous range of $1.20 to $2.20 and slightly above the $1.73 analyst forecast.
Revenue guidance was raised to $8.55 billion–$8.6 billion from $8.4 billion–$8.6 billion, compared with the consensus estimate of $8.57 billion.
The company also tightened its outlook for comparable sales growth to 0.7%–1.3%, compared with 0.5%–1.5% previously.