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AutoZone Inc. (AZO) Pulled Back On Weak Q1 Revenues

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AutoZone Inc. (AZO: Quote) reported first quarter net income of $5.41 per share Tuesday morning, up from $4.68 in the prior year period. The consensus estimate was for EPS of $5.39. Net sales rose 4 percent to $1.99 billion from $1.92 billion in the prior-year, but missed analysts' consensus estimate of $2.02 billion.

AutoZone declined throughout the first 2 hours of trade Tuesday and finished down by 11.21 at $366.80 on above average volume. The stock fell to over a 1-month low and dropped below both its 50 and 200-day moving averages.

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by RTT Staff Writer

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