Loading...
Loading...
Shares of AutoZone
are lower on Tuesday after the company released its fiscal second-quarter earnings results. In mid-day trade, the stock was down a little more than 1.30 percent and last traded at $373.35.
The company reported net income of $176.25 million or $4.78 per share, compared to $166.93 million or $4.15 per share, in last year's corresponding quarter. This beat analysts' consensus EPS estimates by two cents.
Sales at the company were up 2.8 percent to $1.86 billion from $1.8 billion last year. This compared to Wall Street consensus revenue estimates of $1.88 billion.
Gross margin in the quarter was up to 51.9 percent from 51.3 percent last year. Same store sales, however, registered a disappointing 1.8 percent decline.
AutoZone's CEO Bill Rhodes said in a statement, "While we are pleased to report our twenty-sixth consecutive quarter of double digit earnings per share growth, we were not pleased with our same store sales results for the quarter."
Throughout 2010 and 2011, AutoZone was a terrific growth stock which went from $155 to well over $300 in the course of a couple of years. In 2012, however, AZO spent most of the year in a consolidation pattern and the shares have continued to hold under $400 in 2013.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in