Earnings Recap – February 14th 💰

Earnings Recap of February 14th

Advance Auto Parts Inc.

Advance Auto Parts Inc. on Monday reported fourth-quarter net income of $81.7 million. Earnings, adjusted for one-time gains and costs, were $2.07 per share, which exceeded Wall Street expectations of $1.97 per share. The auto parts retailer posted revenue of $2.4 billion in the period, also beating Street forecasts of $2.36 billion.

Avis Budget Group Inc.

Avis Budget Group Inc. reported Q4 earnings on Monday. The global leader in car rental services reported a net income of $382 million. Earnings, adjusted for one-time gains and costs, came to $7.08 per share on revenue of $2.57 billion which surpassed Wall Street expectations.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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