Shares of auto parts retailer Autozone (AZO) are up $7.31, or 4%, at $191.56, an especially impressive performance amidst a sea of red this morning, after the company beat fiscal Q3 revenue estimates by over $1 billion, reporting $1.82 billion, and blew away EPS estimates, with $4.12 per share, versus $3.59.
Autozone did not offer a forecast.
Q1 revenue rose 10%, year over year, propelled by a 7% rise in same-store sales.
Lower parts costs and a shift to higher-margin sales helped boost gross profit slightly.
The conference call with analysts is coming up at 10 am, Eastern.
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