AutoZone Misses Earnings, Stock Still Soars

AutoZones Q1 earnings miss expectations, but stock remains strong: The auto parts retailer reported a profit of $530.8 million, or $31.04 per share, falling short of analysts predictions of $32.24 per share. Revenue also came in below forecasts at $4.63 billion, compared to the expected $4.64 billion. Despite the quarterly misses, AutoZones stock has surged 18% since January and 14% over the past year, outpacing the S&P 500.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.