Advance Auto beats by $0.13, beats on revs; guides FY18 revs below consensus
- Reports Q4 (Dec) earnings of $0.77 per share, excluding non-recurring items, $0.13 better than the Capital IQ Consensus of $0.64; revenues fell 2.2% year/year to $2.04 bln vs the $2.01 bln Capital IQ Consensus.
- Comparable store sales for the quarter decreased 2.6%.
- Co issues downside guidance for FY18, sees FY18 revs of $9.1-9.4 bln vs. $9.54 bln Capital IQ Consensus Estimate; sees Comparable Store Sales down 2% to flat
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