AutoZone: Fiscal 1Q Earnings Snapshot

MEMPHIS, Tenn. (AP) _ AutoZone Inc. (AZO) on Tuesday reported fiscal first-quarter net income of $351.4 million.

The Memphis, Tennessee-based company said it had net income of $13.47 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $12.21 per share.

The auto parts retailer posted revenue of $2.64 billion in the period, matching Street forecasts.

AutoZone shares have climbed 16 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 4 percent. The stock has increased 22 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AZO at https://www.zacks.com/ap/AZO