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Tractor Supply (TSCO) Broke Out To A New High On Guidance News

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Tractor Supply (TSCO: Quote) reported an 11.5 percent increase in first quarter same store sales Thursday morning. First quarter net income is expected to be between $0.53 and $0.55, compared to the consensus estimate of $0.32. Full year 2012 net income is expected to be between $3.52 and $3.60, up from prior expectations of $3.52 to $3.60. The consensus estimate is for EPS of $3.52.

Tractor Supply gapped open higher Thursday and rose steadily during the first 2 hours of trade. Shares finished up by 5.65 at $97.95 on the highest volume of the year. The stock broke out of a 2 1/2 week range and set a new high for the year.

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by RTT Staff Writer

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