-=Advance Auto (AAP) reported earnings on Tue 13 Nov 2018 (b/o)

Advance Auto beats by $0.13, beats on revs; raises FY18 revenue and comp guidance;Q3 comps +4.6% 

• Reports Q3 (Sep) earnings of $1.89 per share, excluding non-recurring items, $0.13 better than the S&P Capital IQ Consensus of $1.76; revenues rose 4.3% year/year to $2.27 bln vs the $2.23 bln S&P Capital IQ Consensus.
• Comparable store sales increased 4.6%. 
• Co issues raised guidance for FY18, sees FY18 revs of $9.55-9.60 bln from $9.3-9.5 bln, excluding non-recurring items, vs. $9.49 bln S&P Capital IQ Consensus. Co sees FY18 comp guidance of +2.0-2.5% versus +0.0-1.5%.