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AutoZone's quarterly earnings fell short of expectations despite higher revenue and a "Buy" rating.
AutoZone reported a quarterly earnings result of $35.36 per share, missing expectations by $1.71, despite a 5.4% year-on-year revenue increase to $4.46 billion, beating forecasts.
Gross margins were pressured, but the company expects improvements.
The stock, trading at $3,829.63, has a "Buy" rating with a target price of $3,966.76.
Same-store sales rose 3.2%, and the market cap is $64.27 billion.
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Las ganancias trimestrales de AutoZone quedaron por debajo de las expectativas a pesar de mayores ingresos y una calificación "Buy".