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Today's Research Reports on Trending Tickers: Auto Zone and Dollar General

NEW YORK, NY / ACCESSWIRE / December 5, 2018 / AutoZone and Dollar General both reported quarterly results yesterday but only one went higher while the other slipped into the red. AutoZone saw gains on strong first quarter results while Dollar General fell on disappointing guidance.

The Market Edge Initiates Coverage on:

AutoZone, Inc.
https://marketedgereport.com/report/AZO/

Dollar General Corporation
https://marketedgereport.com/report/DG/

AutoZone, Inc. shares were up 6.75% on Tuesday on nearly 950,000 shares. The stock hit a new 52-week high of $894.37 yesterday after the company reported first quarter financial results. For the quarter, the company reported earnings per share of $13.47. This is compared to $10.00 from the same time last year. It was also higher than the earnings per share estimate of $12.21 for the quarter from analysts. Operating profit of $487.82 million was also better than the operating profit of $468.75 million from the same period a year ago. Revenue at $2.64 billion was up from the company’s revenue of $2.59 billion from the same quarter a year ago and was also in line with what analysts were expecting. CEO William C. Rhodes III said on the earnings call, "We don't know what the next year will hold but we have a high degree of confidence built off of nearly 40 years of experience that this is a very reliable, predictable industry over reasonable planning horizons and we continue to be optimistic about our industry's prospects and, particularly, our company's prospects."

Access The Market Edge's AutoZone, Inc. Research Report:
https://marketedgereport.com/report/AZO/

Dollar General Corporation shares closed down 6.80% on nearly 8.8 million shares traded on Tuesday. Despite strong third quarter results the stock still slipped into the red. For the third quarter the company reported adjusted (excluding the impact of hurricanes and disaster-related expenses) earnings per share of $1.31, beating the $1.26 that analysts had expected. Net income for the quarter was $334.14 million, compared to $252.53 million in the year ago quarter. Revenue at $6.42 billion was better than the $5.90 billion in the year ago quarter and was also ahead of the $6.38 billion that analysts were expecting. Traders seemed concerned over the company's guidance for the rest of the year. Dollar General is now expecting earnings per share of $5.85 to $6.05. Previously the expectation was a range of $5.95 to $6.15. Analysts were expecting $6.11 for the year.

Access The Market Edge's Dollar General Corporation Research Report:
https://marketedgereport.com/report/DG/

Our Actionable Research on AutoZone, Inc. (NYSE: AZO) and Dollar General Corporation (NYSE: DG) can be downloaded free of charge at The Market Edge.

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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: MarketEdgeReport