Advance Auto Parts Stock Sinks on Soft Q1 Sales Projections
1. AAP's Q1 sales projections fell short of analyst expectations. 2. Fourth-quarter sales were $2.00 billion, beating forecasts but declined year-over-year. 3. Adjusted loss of $1.18 per share better than consensus despite a 1% sales drop. 4. JPMorgan described results as a 'mixed bag' with low visibility. 5. Shares dropped nearly 13% and have lost a third of their value in a year.