Investing.com - Advance Auto Parts reported second quarter earnings that beat analyst's expectations on Tuesday and reported revenue that topped forecasts.
The firm reported earnings per share of $1.97 on revenue of $2.33B. Analysts polled by Investing.com forecast EPS of $1.86 on revenue of $2.26B. That compared to EPS of $1.58 on revenue of $2.89B in the same period a year earlier.
The company had reported EPS of $2.1 on revenue of $2.87B in the previous quarter.
Advance Auto Parts shares lost 1.03% to trade at $144.84 in intra-day trade following the report.
For the year, Advance Auto Parts shares are up 43.55%, outperforming the S&P 500 which is up 5.15% year to date.
Advance Auto Parts follows other major Services sector earnings this month
Amazon.com (NASDAQ:AMZN) reported second quarter earnings that beat analyst's expectations on July 26. The company reported revenue that fell short of forecasts. The firm reported EPS of $5.07 on revenue of $52.89B compared to forecasts of EPS of $2.48 on revenue of $53.37B
Visa reported third quarter earnings that beat analyst's expectations on July 25. The company reported revenue that topped forecasts. The firm reported EPS of $1.2 on revenue of $5.24B compared to forecasts of EPS of $1.09 on revenue of $5.09B