Advance Auto Falls on Guidance

Shares of Advance Auto Parts (AAP) were down after the company said it expects second-quarter earnings to come in at the lower end of its earlier guidance.

The Roanoke, Va.-based company said Thursday, it anticipates earnings will be at the low end of its earlier expectations of 69 cents to 72 cents a share, suggesting the company also will miss the Thomson First Call estimate of 71 cents a share.

The company expects second-quarter same-store sales growth of about 5%, with the last four weeks of the quarter in the low-single-digit range. In this year's first quarter, same-store sales rose 6.9%.

Shares of the automotive parts retailer are currently down $1.14, or 2.9%, to $37.82.

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