Advance Auto Parts' stock fell 6.69% in pre-market trading on Wednesday after the company reported a wider adjusted loss for the fourth quarter and missed revenue expectations.
The auto parts retailer posted an adjusted loss of $1.18 per share for the quarter, compared to a loss of $0.45 per share in the prior-year period. While this beat analysts' expectations slightly, net sales of $2 billion declined from $2.01 billion a year earlier and came in below the $1.93 billion consensus estimate.
Looking ahead, Advance Auto Parts forecast fiscal 2025 adjusted earnings of $1.50 to $2.50 per share, with revenue projected between $8.4 billion and $8.6 billion. Analysts had expected earnings of $1.54 per share on $8.52 billion in sales for the year.
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