O'Reilly Automotive Inc. (ORLY) has announced its financial results for the third quarter, showing an increase in earnings compared to the previous year, although falling short of analysts' expectations.
The company's earnings for the quarter amounted to $665.46 million, equivalent to $11.41 per share. This performance represents an improvement from the $649.83 million, or $10.72 per share, recorded in the third quarter of the previous year.
However, these figures did not meet the consensus forecast of $11.55 per share anticipated by analysts polled by Thomson Reuters. It is important to note that analysts’ estimates generally exclude any special items.
Revenue for the quarter also exhibited growth, rising by 3.8% to reach $4.364 million, up from $4.203 million in the same period last year.
Key Financial Highlights for O'Reilly Automotive Inc. (GAAP):
- Third Quarter Earnings: $665.46 million, compared to $649.83 million in the same period last year.
- Earnings Per Share (EPS) for the Third Quarter: $11.41, up from $10.72 in the previous year.
- Third Quarter Revenue: $4.364 million, compared to $4.203 million last year.
**Outlook:**
For the full fiscal year, the company projects EPS to range between $40.60 and $41.10, with expected revenue between $16.6 billion and $16.8 billion.
