MEMPHIS, Tennessee — AutoZone Inc. (AZO) on Tuesday reported fiscal second-quarter profit of $211.7 million.
On a per-share basis, the Memphis, Tennessee-based company said it had net income of $6.51.
The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $6.37 per share.
The auto parts retailer posted revenue of $2.14 billion in the period, which also beat Street forecasts. Analysts expected $2.12 billion, according to Zacks.
AutoZone shares have increased roughly 5 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 3 percent. The stock has increased 21 percent in the last 12 months.
Keywords: AutoZone, Earnings Report