Tractor Supply: Q2 Earnings Snapshot
Posted Jul 19, 2021 08:16:04 AM.
Last Updated Jul 19, 2021 08:25:13 AM.
BRENTWOOD, Tenn. (AP) _ Tractor Supply Co. (TSCO) on Monday reported second-quarter profit of $370 million.
On a per-share basis, the Brentwood, Tennessee-based company said it had net income of $3.19.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.94 per share.
The retailer for farmers and ranchers posted revenue of $3.6 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $3.49 billion.
Tractor Supply expects full-year earnings to be $7.70 to $8 per share, with revenue in the range of $12.1 billion to $12.3 billion.
Tractor Supply shares have risen 34% since the beginning of the year, while the S&P’s 500 index has climbed 15%. The stock has risen 34% 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
The Associated Press
