AZO - Hot Stocks: AZO & ZM pop on earnings beat while AAP & DOLE slide on missed estimates

Strong earnings had stocks like AutoZone (NYSE:AZO) and Zoom Video Communications (NASDAQ:ZM) trending higher in Tuesday’s early market trading. At the same time, Advanced Auto Parts (NYSE:AAP) and Dole (NYSE:DOLE) tipped lower as both missed on Q1 revenues according to their latest quarterly reports. Gainers: AutoZone (AZO) popped 1.7% in premarket trading action after the automotive retailer reported stronger than expected profits and sales. AZO beat revenue estimates by $16M and saw an increase in domestic sales by 2.6% for the quarter. Zoom Video Communications (ZM) ticked up early Tuesday morning +2.6% as the California based firm rose higher after a Q1 earnings beat. Zoom also raised its full-year earnings guidance, saying it expects EPS for the 2023 fiscal year to be between $3.70 and $3.77 a share, compared to a previous outlook of between $3.45 and $3.51 a share. Decliners Advanced Auto Parts (AAP) dipped lower in premarket trading as the company missed

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Hot Stocks: AZO & ZM pop on earnings beat while AAP & DOLE slide on missed estimates