Tractor Supply Co. (TSCO) reported net income for the third quarter of $21.98 million or $0.60 per share, compared to $15.87 million or $0.43 per share in the year-ago quarter.
Net sales for the quarter increased 1.9% to $747.73 million from $733.92 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.59 per share, on revenues of $749.30 million for the quarter. Analysts estimates typically exclude special items.
As announced on October 8, the company anticipates fiscal 2009 net sales to range from $3.17 billion to $3.20 billion, same-store sales for the year are expected to decrease approximately 1.0% to 2.0%, and net income to range from $2.88 to $2.98 per share.
Analysts currently expect earnings of $2.98 per share on revenues of $3.19 billion for fiscal 2009.
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