O’Reilly Automotive: Q1 Earnings Snapshot
SPRINGFIELD, Mo. (AP) _ O’Reilly Automotive Inc. (ORLY) on Wednesday reported first-quarter profit of $481.9 million.
On a per-share basis, the Springfield, Missouri-based company said it had profit of $7.17.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $7.43 per share.
The auto parts retailer posted revenue of $3.3 billion in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $3.28 billion.
O’Reilly Automotive expects full-year earnings to be $32.35 to $32.85 per share, with revenue in the range of $14.2 billion to $14.5 billion.