MEMPHIS, Tenn. (AP) — AutoZone Inc. (AZO) on Tuesday reported fiscal fourth-quarter net income of $785.8 million.

On a per-share basis, the Memphis, Tennessee-based company said it had net income of $35.72.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $30.20 per share.

The auto parts retailer posted revenue of $4.91 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $4.57 billion.

For the year, the company reported profit of $2.17 billion, or $95.19 per share. Revenue was reported as $14.63 billion.

AutoZone shares have increased 34% since the beginning of the year, while the S&P's 500 index has climbed 16%. The stock has increased 32% in the last 12 months.


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