AutoZone Inc. Q1 Profit beats estimates

AutoZone Inc. (AZO) reported earnings for first quarter that beat the Street estimates.

The company's earnings totaled $539.32 million, or $27.45 per share. This compares with $555.24 million, or $25.69 per share, in last year's first quarter.

Analysts on average had expected the company to earn $25.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.7% to $3.99 billion from $3.67 billion last year.

AutoZone Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $539.32 Mln. vs. $555.24 Mln. last year.
-EPS (Q1): $27.45 vs. $25.69 last year.
-Analyst Estimates: $25.27
-Revenue (Q1): $3.99 Bln vs. $3.67 Bln last year.

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