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.