Advanced Auto Parts Drops 33% After Abysmal Earnings and Outlook – is it Time to Cut Losses?

By |2023-12-07T20:50:32+00:00May 31st, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , |

This morning, Advanced Auto Parts (AAP) released first-quarter earnings that came in way under expectations. Along with a dismal earnings report, the company weakened its outlook and slashed its quarterly dividend. Safe to say things are tumultuous right now for the North Carolina-based company. While analysts were expecting an EPS of $2.57/share, the company [...]