Tractor Supply: 3Q Earnings Snapshot
BRENTWOOD, Tenn. (AP) _ Tractor Supply Co. (TSCO) on Thursday reported third-quarter profit of $122.1 million.
The Brentwood, Tennessee-based company said it had profit of $1.02 per share. Earnings, adjusted for non-recurring costs, came to $1.04 per share.
The results met Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of $1.04 per share.
The retailer for farmers and ranchers posted revenue of $1.98 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $2 billion.
Tractor Supply expects full-year earnings in the range of $4.68 to $4.72 per share, with revenue in the range of $8.4 billion to $8.42 billion.
Tractor Supply shares have increased 14% since the beginning of the year, while the Standard & Poor's 500 index has risen 20%. The stock has climbed almost 9% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSCO at https://www.zacks.com/ap/TSCO