MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — AutoZone Inc. (AZO) on Tuesday reported fiscal third-quarter earnings of $608.4 million.
The Memphis, Tennessee-based company said it had net income of $35.36 per share.
The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $36.78 per share.
The auto parts retailer posted revenue of $4.46 billion in the period, topping Street forecasts. Nine analysts surveyed by Zacks expected $4.4 billion.
AutoZone shares have risen 20% since the beginning of the year, while the S&P’s 500 index has fallen slightly more than 1%. The stock has climbed 37% in the last 12 months.
