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AutoZone Q1 Results Top Estimates
(RTTNews) - Automotive replacement parts retailer AutoZone, Inc. (AZO) reported Tuesday that net income for the first quarter decreased to $539.32 million or $27.45 per share from $555.24 million or $25.69 per share in the year-ago quarter.
Net sales for the quarter grew 8.6 percent to $3.99 billion from $3.67 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $25.27 per share on revenues of $3.86 billion for the quarter. Analysts' estimates typically exclude special items.
Domestic same store sales, or sales for stores open at least one year, increased 5.6 percent for the quarter.
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AutoZone Q2 Results Top Estimates
Automotive replacement parts retailer AutoZone, Inc. (AZO) reported Tuesday that net income for the second quarter grew to $476.54 million or $24.64 per share from $471.76 million or $22.30 per share in the year-ago quarter.
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AutoZone Q4 Results Top Estimates
Automotive replacement parts retailer AutoZone, Inc. (AZO) reported Tuesday that net income for the third quarter increased to $810.04 million or $40.51 per share from $785.77 million or $35.72 per share in the year-ago quarter.
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Japan Core Machinery Order Data Due On Thursday
apan will on Thursday release March figures for core machinery orders, highlighting a busy day for Asia-Pacific economic activity. Orders are expected to slip 1.5 percent on month and 2.5 percent on year after rising 4.3 percent on month and 1.5 percent on year in February.
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Pound Advances After U.K. Inflation Data
The pound was higher against its major counterparts in the New York session on Wednesday, after data showing an acceleration in consumer price inflation in the month of April.
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Canadian Market Turns Weak, Set To Snap 10-session Winning Streak
After ten straight days of gains, the Canadian market is down in negative territory Wednesday afternoon, weighed down by losses in healthcare, technology, real estate and consumer discretionary sectors.
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Swiss Markets Ends Modestly Lower
The Switzerland market ended lower on Wednesday after languishing in negative territory right through the day's trading session, as concerns about trade and geopolitical uncertainty rendered the mood cautious, prompting investors to refrain from making significant moves.
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European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty
European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment.
A downward revision in U.S. federal deficit weighed as well.
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Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment.
Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.
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