Memphis-Based AutoZone Posts 3rd Quarter Earnings

Business news… AutoZone Inc. (AZO) on Tuesday reported fiscal third-quarter earnings of $592.6 million.

On a per-share basis, the Memphis, Tennessee-based company said it had net income of $29.03.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $25.87 per share.