Reported 4 months ago
Advanced Auto Parts (AAP) shares are trading lower following a revenue miss in its first quarter results, while American Airlines (AAL) stock is also down after cutting its second quarter revenue outlook due to increased competition. Advanced Auto Parts raised its sales expectations for the year, but CEO Shane O'Kelly mentioned cautious consumers and macro uncertainty affecting quarterly results. Additionally, American Airlines forecasts a 5-6% drop in revenue per available seat mile, with the chief commercial officer set to leave in June.
Source: YAHOO