UPDATE 1-Advanced Auto quarterly profit down 5 percent


* Q3 net income $56.2 million versus $59 million year ago * Says economic downturn continues to pressure on earnings DETROIT, Oct 29 (Reuters) - Auto parts retailer Advanced Auto Parts Inc posted a 5 percent fall in third-quarter profit on Wednesday and said the economic slowdown will continue to pressure earnings. Net income dropped to $56.2 million from $59.0 million a year earlier. Earnings per share increased 4 percent to 59 cents due to a reduced share count as shares were ...

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