MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — AutoZone Inc. (AZO) on Tuesday reported fiscal third-quarter profit of $647.7 million.
The Memphis, Tennessee-based company said it had net income of $34.12 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $30.84 per share.
The auto parts retailer posted revenue of $4.09 billion in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $4.1 billion.
AutoZone shares have increased 6% since the beginning of the year, while the S&P's 500 index has increased 9%. The stock has climbed 48% 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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