AutoZone: Fiscal 2Q Earnings Snapshot
MEMPHIS, Tenn. (AP) _ AutoZone Inc. (AZO) on Tuesday reported fiscal second-quarter earnings of $345.9 million.
The Memphis, Tennessee-based company said it had profit of $14.93 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $13.07 per share.
The auto parts retailer posted revenue of $2.91 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $2.75 billion.
AutoZone shares have fallen slightly more than 1% since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 4%. The stock has risen 16% in the last 12 months.