Shares of AutoZone (AZO) fell 2% on Tuesday after the company reported Q4 revenue and earnings, missing Wall Street estimates. This marked the fifth consecutive quarter that AutoZone missed earnings expectations, with adjusted earnings of $48.71 per share, down from $51.58 per share a year earlier. Wall Street had expected $50.59 per share.
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For context, AutoZone is a U.S. retailer and distributor of automotive parts and accessories. The company serves both DIY customers and professional mechanics through its stores and online platform.