Advance Auto Parts (AAP) reported first quarter net income of $1.79 per share Thursday morning, up from $1.35 per share last year. The consensus estimate was for EPS of $1.81. The company maintained its full year 2012 EPS forecast of $5.55 to $5.75. The consensus estimate is for EPS of $5.97.
Advance Auto Parts gapped open dramatically lower Thursday, but traded in a narrow range for the majority of the session. Shares finished down by 13.93 at $68.17 on the highest volume of the year. The stock plunged to a 5-month low and fell below its 200-day moving average.
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