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Advance Auto Parts Guides FY23 EPS Below Estimates - Update
(RTTNews) - 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.
For fiscal 2023, the company now projects earnings in a range of $10.20 to $11.20 per share on net sales between $11.40 billion and $11.60 billion, with comparable store sales increase in a range of 1 to 3 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $12.53 per share on sales of $11.33 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 FY24 EPS Above Estimates - Update
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.
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U.S. Dollar Falls Against Most Majors
The U.S. dollar weakened against its most major counterparts in the New York session on Friday.
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German Inflation Accelerates To 2.2% In August
Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
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Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings
Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.
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Swiss Market Ends Modestly Lower
Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
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European Stocks Close Lower On Geopolitical Tensions
European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.
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