Autozone Results Fall Short Of Expectations

Memphis-based AutoZone Inc. posted its second consecutive quarter of “challenges.” Analysts projected the auto parts retailer would hit between $11.81 to $12.02 for its earnings per share (EPS) for third quarter 2017, but when the results were released Tuesday, May 23, the EPS was $11.44. While the EPS was a 6.2 percent increase from the $10.77 the company saw in Q3 2016, William “Bill” Rhodes, chairman, president and CEO of AutoZone, said the quarter was “below our expectations" during…

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