MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — AutoZone Inc. (AZO) on Tuesday reported fiscal second-quarter earnings of $476.5 million.
On a per-share basis, the Memphis, Tennessee-based company said it had profit of $24.64.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $21.33 per share.
The auto parts retailer posted revenue of $3.69 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $3.54 billion.
AutoZone shares have climbed slightly more than 4% since the beginning of the year, while the S&P’s 500 index has risen roughly 4%. The stock has increased 38% 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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