AutoZone Rose 10% Last Week - TheStreet


(AZO) - Get Report

was up about 10% last week after the company posted higher third-quarter earnings and sales on Wednesday. The auto parts retailer's net income grew 61% to $102 million, or 96 cents a share, from $66.7 million, or 59 cents a share, a year ago. Wall Street analysts had been looking for 78 cents. Sales were up 11% to $1.225 billion from $1.140 billion, while same store sales grew 9.5%. The company said it focused on cutting costs during the quarter, and its results were improved by a higher number of older cars, SUVs, and trucks on the road.