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Tractor Supply: 2Q Earnings Snapshot

July 25, 2019

BRENTWOOD, Tenn. (AP) _ Tractor Supply Co. (TSCO) on Thursday reported second-quarter net income of $219.2 million.

The Brentwood, Tennessee-based company said it had profit of $1.80 per share.

The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.

The retailer for farmers and ranchers posted revenue of $2.35 billion in the period, which matched Street forecasts.

Tractor Supply expects full-year earnings to be $4.65 to $4.75 per share, with revenue in the range of $8.4 billion to $8.46 billion.

Tractor Supply shares have climbed 35% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. The stock has increased 44% in the last 12 months.

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

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