AutoZone: Fiscal 1Q Earnings Snapshot
MEMPHIS, Tenn. (AP) _ AutoZone Inc. (AZO) on Tuesday reported fiscal first-quarter net income of $351.4 million.
The Memphis, Tennessee-based company said it had net income of $13.47 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $12.21 per share.
The auto parts retailer posted revenue of $2.64 billion in the period, matching Street forecasts.
AutoZone shares have climbed 16 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 4 percent. The stock has increased 22 percent in the last 12 months.