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Advance Auto Soars on High Volume
Shares of Advance Auto Parts Inc. (AAP - Analyst Report) advanced over 3% today on slightly higher volume of 2.7 million, compared with the daily average of 2.3 million.
Advance Auto is scheduled to report its first-quarter results tomorrow. Analysts are expecting the company to earn a profit of 90 cents per share.
The company posted EPS of 51 cents in its last quarter, topping estimates by an average of 37.84%.
Meanwhile, 3 analysts out of 17 raised projections, sending the 2009 consensus estimate up a penny to $2.81 per share in the past month.
Advance Auto is a Zacks #2 Rank ("Buy") stock.
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| Market Summary | Nov 22, 2009 13:17 pm ET |
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