Santa Cruz County ballot errors impact more than 1,100 voters
Strike at Boeing was part of a new era of labor activism long in decline at US work places
Google defeats lawsuit over gift card fraud
Delay in Chile mining permits a serious problem, says local head of Freeport
Equatorial Guinea orders crackdown on sex in government offices after videos leaked
US needs to crack down on Chinese chipmaker SMIC, Republican lawmaker says
Malaysia central bank set to manage market volatility, monitoring US election
Book Review: 'The Name of This Band is R.E.M.' is a vivid journey through the rock band's history
Rare letter signed by Founding Fathers expected to fetch $1 million at auction
Jerry Jones says Dak Prescott likely out at least 4 games with IR move because of hamstring injury
(Reuters) - AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models.
Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O'Reilly Automotive, rose 3.5% to about $4.24 billion.
Analysts on average were expecting AutoZone to report third-quarter net sales of $4.29 billion.
On an adjusted basis, the company earned $36.69 per share in the quarter ended May 4, compared with analysts estimates of $35.96 per share, according to LSEG data.
However, domestic same-store sales in the quarter remained flat from a year earlier.
(Reporting by Nathan Gomes in Bengaluru; Editing by Anil D'Silva)
