RALEIGH, N.C. (AP) _ Advance Auto Parts Inc. (AAP) on Tuesday reported second-quarter earnings of $178.7 million.

The Raleigh, North Carolina-based company said it had profit of $2.74 per share. Earnings, adjusted for one-time gains and costs, were $3.40 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.95 per share.

The auto parts retailer posted revenue of $2.65 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $2.61 billion.

Advance Auto Parts expects full-year revenue in the range of $10.6 billion to $10.8 billion.

Advance Auto Parts shares have increased 32% since the beginning of the year. The stock has increased 33% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAP at https://www.zacks.com/ap/AAP

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News