MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — AutoZone Inc. (AZO) on Tuesday reported fiscal second-quarter profit of $468.9 million.
The Memphis, Tennessee-based company said it had net income of $27.63 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $27.10 per share.
The auto parts retailer posted revenue of $4.27 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $4.31 billion.
AutoZone shares have increased 14% since the beginning of the year, while the S&P’s 500 index has risen 0.5%. The stock has climbed 11% 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 AZO at https://www.zacks.com/ap/AZO
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