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O'Reilly Automotive Q2 Earnings, Revenue Increase; Lowers Full-Year Guidance; Shares Drop After Hours
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O'Reilly Automotive Q2 Earnings, Revenue Increase; Lowers Full-Year Guidance; Shares Drop After Hours
Jul 24, 2024 2:29 PM

05:04 PM EDT, 07/24/2024 (MT Newswires) -- O'Reilly Automotive (ORLY) reported Q2 earnings late Wednesday of $10.55 per diluted share, up from $10.22 a year earlier.

Analysts polled by Capital IQ expected $11.

Sales for the quarter that ended June 30 were $4.27 billion, up from $4.07 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.32 billion.

The company expects full-year 2024 earnings of $40.75 to $41.25 per diluted share, versus its previous guidance of $41.35 to $41.85. Analysts polled by Capital IQ expect $41.83.

The company expects revenue for the full year of $16.6 billion to $16.9 billion, versus its previous guidance of $16.8 billion to $17.1 billion. Analysts surveyed by Capital IQ expect $16.89 billion.

Shares of the company traded nearly 4% lower in after-hours activity.

Price: 1,010.00, Change: -40.71, Percent Change: -3.87

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