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O’Reilly Automotive: 2Q Earnings Snapshot

July 24, 2019

SPRINGFIELD, Mo. (AP) _ O’Reilly Automotive Inc. (ORLY) on Wednesday reported second-quarter net income of $353.7 million.

The Springfield, Missouri-based company said it had net income of $4.51 per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.67 per share.

The auto parts retailer posted revenue of $2.59 billion in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $2.6 billion.

O’Reilly Automotive expects full-year earnings to be $17.37 to $17.47 per share, with revenue in the range of $10 billion to $10.3 billion.

O’Reilly Automotive shares have increased 15% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. In the final minutes of trading on Wednesday, shares hit $396.50, an increase of 35% in the last 12 months.

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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 ORLY at https://www.zacks.com/ap/ORLY

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