AutoZone: Fiscal Q4 Earnings Snapshot – mySA

MEMPHIS, Tenn. (AP) _ AutoZone Inc. (AZO) on Monday reported fiscal fourth-quarter net income of $810 million.

The Memphis, Tennessee-based company said it had profit of $40.51 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $38.38 per share.

The auto parts retailer posted revenue of $5.35 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $5.14 billion.

For the year, the company reported profit of $2.43 billion, or $117.19 per share. Revenue was reported as $16.25 billion.

AutoZone shares have risen slightly more than 3% since the beginning of the year, while the S&P’s 500 index has dropped 19%. The stock has climbed 36% 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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