AUTOZONE, INC.

AZO
Real-time Estimate Quote. Real-time Estimate  - 08/05 12:01:11 pm
1199.85USD -0.51%

AutoZone: Fiscal 3Q Earnings Snapshot

05/26/2020 | 07:52am

MEMPHIS, Tenn. (AP) _ AutoZone Inc. (AZO) on Tuesday reported fiscal third-quarter profit of $342.9 million.

On a per-share basis, the Memphis, Tennessee-based company said it had profit of $14.39.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $13.82 per share.

The auto parts retailer posted revenue of $2.78 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $2.72 billion.

AutoZone shares have fallen roughly 6% since the beginning of the year, while the Standard & Poor's 500 index has declined 8.5%. The stock has increased 8.5% 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

Automated Insights, source Associated Press News

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