Tractor Supply: 2Q Earnings Snapshot
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.