AutoZone shares fall 9% despite earnings beat (opens in new tab)

AutoZone shares closed down 9% on Tuesday, their worst trading day in more than four years, after the auto parts retailer reported third-quarter fiscal results that beat Wall Street's profit estimate. The company reported earnings per share of $38.07, above the $36.28 average estimate compiled by LSEG, while revenue of $4.84 billion was roughly in line with the $4.83 billion estimate. Analysts questioned executives about slower international growth, margin compression, inflation, energy costs...