Wall Street was down in Tuesday trading, continuing yesterday's losses.
Shares of Advance Auto Parts Inc. (AAP, Financial)Â jumped more than 13% in premarket trading after reporting financial results for the third quarter. The company posted EPS of $1.43, beating estimates of $1.20. Revenue of $2.18 billion fell short of expectations and decreased 3.7% year over year.
“We continue to take steps to build the foundation for future growth. We executed key transformational initiatives, including a complete restructure of our field operations and professional sales leadership teams. This important step in our journey sets us up well for the future. In the third quarter, we delivered improvements in cost initiatives while positioning the business for future success. We remain on track to deliver our 2017 guidance,” Tom Greco, president and CEO, said.Â
Gainers
Losers
- TJX Companies Inc. (TJX, Financial)
- Marathon Oil Corp. (MRO, Financial)
- CF Industries Holdings Inc. (CF, Financial)
Global markets
The main European stock markets traded lower. The U.K.'s FTSE 100 fell 0.01%, Germany's DAX declined 0.31%, France's CAC 40 tumbled 0.49% and Spain's IBEX 35 slid 0.59%.
In Asia, Japan's Nikkei 225 was flat while India’s BSE Sensex declined 0.28%, China's SSE Composite fell 0.53% and Hong Kong's Hang Seng retreated 0.10%.
Disclosure: The author holds no positions in any stocks mentioned.
