UPDATE: AutoZone Reports Upbeat FQ3 Earnings

AutoZone Inc

reported upbeat earnings for the fiscal third quarter on Tuesday. AutoZone reported its quarterly earnings at $227.4 million, or $5.29 per share, up from $202.7 million, or $4.12 per share, in the year-earlier period. Its sales surged to $1.98 billion from $1.82 billion. However, analysts were expecting earnings of $4.97 per share on sales of $1.92 billion. The retailer's sales at stores open for more than a year increased 5.3%. AZO shares fell 0.10% to $276.50 in after-hours trading. Read more