Monro: Fiscal 2Q Earnings Snapshot
ROCHESTER, N.Y. (AP) _ Monro Muffler Brake Inc. (MNRO) on Thursday reported fiscal second-quarter earnings of $20.3 million.
On a per-share basis, the Rochester, New York-based company said it had net income of 60 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The automotive repair chain posted revenue of $324.1 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $329.3 million.
Monro expects full-year earnings to be $2.45 to $2.55 per share.
Monro shares have increased 17% since the beginning of the year. The stock has risen 18% in the last 12 months.