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Tractor Supply (TSCO) Q3 easily beats estimates. EPS came in at $0.58 on revenue of $977M....
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Wednesday, October 19, 2011, 7:16 PM ETTractor Supply (TSCO) Q3 easily beats estimates. EPS came in at $0.58 on revenue of $977M. Street estimates were for an EPS of $0.52 per share on earnings of $933M. The company also raises FY11 guidance, now seeing its EPS in the range of $2.85 - $2.89 on revenue between $4.15B - $4.17B, above analysts expectations for $2.83 on revenue of $4.13B.
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Since the 2009 low of approximately $14, the stock has risen nearly 500%. In the same period earnings and for that matter revenues are up about 20%.
Good luck to investors in this stock! They obviously see something beyond my quick review.