AutoZone posts lower quarterly earnings


CHICAGO, May 24 (Reuters) - AutoZone Inc. , the largest U.S. auto parts retail chain, on Wednesday posted lower quarterly earnings. Net income slipped to $144.4 million for its fiscal third quarter ended May 6, from $147.8 million a year earlier. Per-share earnings rose to $1.89 from $1.86 as the number of shares outstanding fell. Excluding one-time items, earnings were $1.92 per share. Analysts, on average, had expected $1.95, according to Reuters Estimates. Sales rose 5.9 percent ...

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