SPRINGFIELD, Mo. (AP) — SPRINGFIELD, Mo. (AP) — O'Reilly Automotive Inc. (ORLY) on Wednesday reported third-quarter earnings of $649.8 million.
The Springfield, Missouri-based company said it had profit of $10.72 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $10.36 per share.
The auto parts retailer posted revenue of $4.2 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $4.07 billion.
O'Reilly Automotive expects full-year earnings to be $37.80 to $38.30 per share, with revenue in the range of $15.7 billion to $15.8 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
For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights.
, source Associated Press News
O'Reilly Automotive, Inc. is one of the largest American distributors of automotive parts. The products are sold under own brands (BesTest®, BrakeBest®, Cartek®, Import Direct®, MasterPro®, MicroGard®, Murray®, Omnispark®, O'Reilly Auto Parts®, Precision®, Power Torque®, Super Start®, Syntec® and Ultima®) and third-party brands (AC Delco, Armor All, Bosch, Castrol, Dorman, Fel-Pro, Gates Rubber, Lucas Oil, Mobil1, Monroe, Moog, Pennzoil, Prestone, Standard, STP, Turtle Wax, Valvoline, Wagner et Wix). The group's activity is primarily organized around 3 families of products:
- automotive parts: alternator, starters, water pumps, chassis parts, etc.;
- maintenance products: antifreeze, filters, etc.;
- accessories: primarily automotive carpets and seat covers.
At the end of 2022, the products were marketed through a network of 5,971 stores located in the United States (5,929) and Mexico (42).