BRENTWOOD, Tenn. (AP) — BRENTWOOD, Tenn. (AP) — Tractor Supply Co. (TSCO) on Thursday reported first-quarter profit of $179.4 million.
On a per-share basis, the Brentwood, Tennessee-based company said it had net income of 34 cents.
The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The retailer for farmers and ranchers posted revenue of $3.47 billion in the period, which also missed Street forecasts. Ten analysts surveyed by Zacks expected $3.55 billion.
Tractor Supply expects full-year earnings to be $2 to $2.18 per share.
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