RTTNews | Feb 16, 2021 06:41AM EST

06:40 Tuesday, February 16, 2021 (RTTNews.com) - Advance Auto Parts (AAP) announced a profit for its fourth quarter that rose from the same period last year.

The company's profit totaled $111.99 million, or $1.65 per share. This compares with $95.91 million, or $1.38 per share, in last year's fourth quarter.

Excluding items, Advance Auto Parts reported adjusted earnings of $126.94 million or $1.87 per share for the period.

Analysts had expected the company to earn $1.97 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.3% to $2.37 billion from $2.11 billion last year.

Advance Auto Parts earnings at a glance:

-Earnings (Q4): $126.94 Mln. vs. $113.713 Mln. last year.-EPS (Q4): $1.87 vs. $1.64 last year.-Analysts Estimate: $1.97-Revenue (Q4): $2.37 Bln vs. $2.11 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3169885/advance-auto-parts-q4-adjusted-earnings-miss-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved