MarketPR
AutoZone fourth-quarter earnings per share of $56.05 beat the $54.30 consensus, but net sales of $6.6 billion fell short of the $6.71 billion expected.
The mixed print sent AutoZone shares up 6% to $2,977.26, pulling Advance Auto Parts and O'Reilly Automotive higher despite no new disclosures from either peer.
The move marks a recovery for AutoZone, which had dropped 13% year to date entering the session. The operational split The profit beat masked a top-line miss that defined the quarter's execution.
AutoZone reported EPS of $56.05 for the period ended August 29, exceeding the $54.30 analyst estimate. However, net sales came in at $6.6 billion, missing the $6.71 billion forecast.
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