India, May 21 -- Shares of Advance Auto Parts, Inc. (AAP) are gaining about 17 percent in Thursday morning trading after the company reported first-quarter net income of $24.0 million or $0.40 per share, flat with the prior-year quarter. Meanwhile, adjusted earnings for the quarter was $0.77 per share, compared to adjusted loss of $0.22 per share last year.
The company's shares are currently trading at $60.04 on the New York Stock Exchange, up 17.19 percent. The stock opened at $57.59 and has climbed as high as $60.17 so far in today's session. Over the past year, it has traded in a range of $37.89 to $70.00.
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