AutoZone: Fiscal 4Q Earnings Snapshot

September 18, 2018

MEMPHIS, Tenn. (AP) _ AutoZone Inc. (AZO) on Tuesday reported fiscal fourth-quarter earnings of $400.3 million.

On a per-share basis, the Memphis, Tennessee-based company said it had net income of $15.02. Earnings, adjusted for non-recurring costs, came to $18.54 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $17.88 per share.

The auto parts retailer posted revenue of $3.56 billion in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $3.59 billion.

For the year, the company reported profit of $1.34 billion, or $48.77 per share. Revenue was reported as $11.22 billion.

AutoZone shares have risen 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 8 percent. The stock has increased 31 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AZO at https://www.zacks.com/ap/AZO

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