Monro: Fiscal Q3 Earnings Snapshot
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Audio By Carbonatix
7:37 AM on Wednesday, January 29
The Associated Press
ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Monro Muffler Brake Inc. (MNRO) on Wednesday reported fiscal third-quarter net income of $4.6 million.
The Rochester, New York-based company said it had profit of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 19 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The automotive repair chain posted revenue of $305.8 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $310.5 million.
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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 MNRO at https://www.zacks.com/ap/MNRO