RALEIGH, N.C. (AP) _ Advance Auto Parts Inc. (AAP) on Monday reported third-quarter net income of $169.8 million.

The Raleigh, North Carolina-based company said it had profit of $2.68 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $3.21 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.78 per share.

The auto parts retailer posted revenue of $2.62 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $2.56 billion.

Advance Auto Parts expects full-year revenue in the range of $10.9 billion to $10.95 billion.

Advance Auto Parts shares have risen 54% since the beginning of the year. In the final minutes of trading on Monday, shares hit $241.91, an increase of 57% 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

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