MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — AutoZone Inc. (AZO) on Tuesday reported fiscal third-quarter profit of $651.7 million.
On a per-share basis, the Memphis, Tennessee-based company said it had net income of $36.69.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $35.67 per share.
The auto parts retailer posted revenue of $4.24 billion in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $4.29 billion.
AutoZone shares have risen 13% since the beginning of the year, while the S&P’s 500 index has climbed 11%. The stock has climbed 10% 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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
