O’Reilly Automotive: Q2 Earnings Snapshot

July 27, 2022 GMT

SPRINGFIELD, Mo. (AP) _ O’Reilly Automotive Inc. (ORLY) on Wednesday reported second-quarter net income of $576.8 million.

On a per-share basis, the Springfield, Missouri-based company said it had profit of $8.78.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $8.98 per share.

The auto parts retailer posted revenue of $3.67 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $3.7 billion.

O’Reilly Automotive expects full-year earnings to be $31.25 to $31.75 per share, with revenue in the range of $14 billion to $14.3 billion.

_____

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