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Advance Auto Parts Guides FY24 EPS Above Estimates - Update
(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, automotive aftermarket parts provider Advance Auto Parts Inc. (AAP) initiated earnings, net sales and comparable store sales growth guidance for the full year 2024.
For fiscal 2024, the company now projects earnings in a range of $3.75 to $4.25 per share on net sales between $11.30 billion and $11.40 billion, with comparable store sales increase in a range of 0 to 1 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.57 per share on sales of $11.46 billion for the year. Analysts' estimates typically exclude special items.
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Advance Auto Parts Boosts FY24 Net Sales Outlook; Q1 Results Miss Estimates
While reporting financial results for the first quarter on Wednesday, automotive aftermarket parts provider Advance Auto Parts Inc. (AAP) maintained its earnings and comparable store sales growth guidance for the full year 2024, while boosting annual net sales outlook.
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Advance Auto Parts Guides FY23 EPS Below Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, automotive aftermarket parts provider Advance Auto Parts Inc. (AAP) initiated earnings, net sales and comparable store sales growth guidance for the full year 2023.
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U.S. Dollar Falls Against Euro, Pound
The U.S. dollar fell against the euro and the pound in the New York session on Friday.
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Swiss Market Ends On Weak Note
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European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
European stocks closed weak on Friday amid concerns about high tech valuations, and fading hopes of a Federal Reserve rate cut next month following hawkish comments from a few central bank officials.
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Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
After opening with a big negative gap and dropping further down into the red Friday morning, the Canadian benchmark S&P/TSX Composite Index recovered gradually and was up modestly above the flat line a little past noon.
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Bay Street Likely To Open On Weak Note
Lower Canadian and U.S. futures and weak metal prices point to a negative open for stocks on Bay Street Friday morning. Energy stocks may find some support thanks to higher crude oil prices and help limit the downside.
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FTSE 100 Down Sharply As Bond Yields Climb Higher
UK stocks are falling on Friday with bond yields rising amid speculation Chancellor Rachel Reeves may backtrack on budget plans. The possibility of the Bank of England refraining from cutting interest rates due to fiscal concerns has raised concerns about fiscal and economic outlook.
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