MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — AutoZone Inc. (AZO) on Tuesday reported fiscal second-quarter earnings of $487.9 million.
The Memphis, Tennessee-based company said it had profit of $28.29 per share.
The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $29.16 per share.
The auto parts retailer posted revenue of $3.95 billion in the period, also falling short of Street forecasts. Ten analysts surveyed by Zacks expected $3.99 billion.
AutoZone shares have climbed almost 9% since the beginning of the year, while the S&P's 500 index has climbed 23%. The stock has risen 15% in the last 12 months.
_____
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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.