Earnings Send Monro Muffler Brake (MNRO) Up 4.5%

Shares of Monro Muffler Brake Inc MNRO closed Thursday trading up 4.5% at $38.71 per share. Volume of 263,299 shares was in line with the daily average volume of 261,702 shares. Shares of Monro Muffler Brake Inc had a trading range of $36.67 to $38.78 per share. Earlier on Thursday morning, Monro Muffler Brake Inc announced that it beat consensus Wall Street estimates, when it reported that its 4th quarter net income surged 92.8% to a record $5.9 million, or 28 cents per share, on revenue of $147.2 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 25 cents per share. Monro Muffler Brake Inc said it expected fiscal 1st quarter 2011 earnings to be in the range of 58 cents to 62 cents per share.