MEMPHIS, Tenn. (AP) 鈥� MEMPHIS, Tenn. (AP) 鈥� AutoZone Inc. (AZO) on Tuesday reported fiscal third-quarter net income of $641.5 million.
On a per-share basis, the Memphis, Tennessee-based company said it had profit of $38.07.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $36.18 per share.
The auto parts retailer posted revenue of $4.84 billion in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $4.86 billion.
AutoZone shares have risen slightly since the beginning of the year, while the S&P’s 500 index has increased 9%. The stock has declined 11% in the last 12 months.
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