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Benzinga

Business

Nabaparna Bhattacharya

AutoZone Plans Aggressive Store Expansion To Capture Market Share

AutoZone AZO NYSE

Autozone-Image by refrina via Shutterstock

AutoZone, Inc. (NYSE:AZO) shares dipped Tuesday after the auto parts retailer reported fourth-quarter earnings and sales that fell short of Wall Street expectations. However, the stock recovered its earlier losses and is now trading slightly higher.

The company reported fourth-quarter earnings per share of $48.71, missing the analyst consensus estimate of $50.91.

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Top stories on inkl right now

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One subscription that gives you access to news from hundreds of sites

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