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Advance Auto Parts shares surged 35.42% in pre-market trading on May 22, 2025, driven by a strong Q1 earnings report that exceeded expectations.
Advance Auto Parts reported a non-GAAP EPS of -$0.22, which was $0.47 higher than analysts' forecasts. The company's revenue for the quarter reached $2.58 billion, surpassing projections by $70 million. This positive performance has boosted investor confidence in the company's future prospects.
The company reaffirmed its fiscal 2025 outlook, projecting earnings from continuing operations in the range of $1.50 to $2.50 per share on net sales from continuing operations. This reaffirmation comes as the company continues to navigate the market and maintain its financial stability.
Focus Partners Wealth increased its holdings in
by 40.6% during the fourth quarter, indicating strong institutional support for the company. This move reflects the growing optimism among investors regarding the company's future performance.
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