JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Investing.com -- Advance Auto Parts (AAP) shares slipped around 1% in premarket trading as the company’s soft full-year profit guide offset the better-than-expected Q2 results.
The automotive aftermarket parts provider posted second-quarter earnings per share of $0.69, beating the analyst consensus of $0.53
Revenue was $2 billion, down from $2.2 billion in the year-ago quarter, and compared with expectations of $1.97 billion.
Comparable store sales rose 0.1% in the quarter.
"The Advance team delivered solid second-quarter results, with both sales and operating margin at the upper end of our expectations," said Shane O’Kelly, president and CEO.
"Our comparable sales performance was fueled by growth in the Pro business, and we are encouraged by the early signs of stabilization in our DIY business.
For fiscal 2025, the company projects earnings between $1.20 and $2.20 per share, the midpoint of which is below the $1.85 consensus.
Revenue is expected to be in the range of $8.52 billion to $8.6 billion, compared to the $8.52 billion consensus estimate.
Comparable store sales are expected to grow between 0.5% and 1.5% for the year.