AutoZone See Rise in Quarterly Profit, Revenue; Opens More Stores

AutoZone (AZO) - Get Report posted a rise in profit and revenue in its most recent quarter. Earnings of $14.30 a share beat estimates of $14.25. Revenue of $3.4 billion, a 3.3% increase year-over-year, was slightly below the $3.43 billion analysts were looking for. Same store sales rose 1% and the company opened 71 new stores during the quarter. TheStreet's Scott Gamm reports from Wall Street.