Raleigh, North Carolina (AP) _ Advance Auto Parts Inc. (AAP) reported on Monday its third-quarter net income of $169.8 million.

The Raleigh, North Carolina-based company said its earnings per share were $2.68. After adjusting for non-recurring costs and amortized costs, earnings per share were US$3.21.

The result exceeded Wall Street's expectations. The average estimate of eight analysts surveyed by Zacks Investment Research is earnings per share of $2.78.

The auto parts retailer's revenue during this period was $2.62 billion, which also exceeded Street's expectations. Five analysts surveyed by Zacks estimated it to be $2.56 billion.

Advance Auto Parts expects annual revenue to be between 10.9 billion U.S. dollars and 10.95 billion U.S. dollars.

Since the beginning of the year, Advance Auto Parts' stock price has risen 54%. In the last few minutes of trading on Monday, the stock reached $241.91, a 57% increase in the past 12 months.

This story was generated by Automatedinsights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks Stock Report on AAP at https://www.zacks.com/ap/AAP