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Advance Auto Soars on High Volume – Zacks Tale of the Tape

Source: http://www.zacks.com/stock/news/20329/Advance+Auto+Soars+on+High+Volume+-+Zacks+Tale+of+the+Tape
 Posted on Tuesday, May 19th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

Shares of Advance Auto Parts Inc. (AAP) 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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No Responses to “Advance Auto Soars on High Volume – Zacks Tale of the Tape”

  1. Terry S Says:
    May 22nd, 2009 at 5:58 am

    I happen to enter your blog with the help of google search. To my sheer luck I got what I was searching for. Thanks
    regards
    grill parts

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