Tractor Supply Profit Up 11%, Yet Misses Street - Quick Facts

(RTTNews) - Tractor Supply Co (TSCO), an operator of retail farm and ranch stores, Wednesday reported first-quarter net earnings of $48.8 million or $0.35 per share compared with $44 million or $0.31 per share last year.

Net sales for the quarter increased 9% to $1.18 billion from $1.09 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.37 per share on revenues of $1.21 billion for the quarter. Analysts' estimates typically exclude special items.

Comparable store sales for the quarter increased 2.2%.

For fiscal 2014, the company continues to expect earnings of $2.54 to $2.62 per share and revenues of $5.62 billion and $5.70 billion. Analysts expect earnings of $2.62 per share on revenues of $5.68 billion.