AutoZone (NYSE:AZO) announced that it earned $203.5 million, or $5.41 per share, for the most recent fiscal quarter, versus $191.1 million, or $4.68 per share in the same period a year earlier, matching analyst estimates. Results were higher due in part to share buybacks that decreased the number of outstanding shares by eight percent. Revenue was higher by 3 percent to $1.99 billion from $1.92 billion in the same period last year.
Shares are lower by about 3.9 percent.
Last month, rival Advance Auto (NYSE:AAP) announced a 4.2% drop in earnings per share to $1.21 per share.
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