UPDATE: AutoZone Reports 11% Rise In Q1 Profit

AutoZone Inc (NYSE: AZO) reported an 11% rise in its first-quarter profit.

AutoZone's quarterly profit climbed to $191.1 million, or $4.68 per share, from $172.1 million, or $3.77 per share, in the year-earlier period. The company's sales gained 7.4% to $1.92 billion. However, analysts were expecting earnings of $4.44 per share on sales of $1.9 billion.

AutoZone shares gained 0.30% to $340.00 in after-hours trading.