Monro Muffler Brake (MNRO) Posts Record Results

Monro Muffler Brake Inc MNRO announced on Thursday morning that it beat consensus Wall Street estimates. Monro Muffler Brake Inc reported that its 4th quarter net income surged 92.8% to a record $5.9 million, or 28 cents per share, up from $3 million, or 15 cents per share, a year earlier. The company's sales climbed 25.7% to a record $147.2 million, up from $117.1 million a year earlier. 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 forecast fiscal 1st quarter 2011 earnings in the range of 58 cents to 62 cents per share.