Oct 22 (Reuters) - O'Reilly Automotive raised
the lower end of its full-year revenue forecast on Wednesday
after beating Wall Stret estimates for third-quarter results on
strong demand for replacement auto parts.
More consumers are choosing to repair older vehicles rather
than buy new ones as tariffs imposed by the Trump administration
continue to pressure the auto industry.
O'Reilly now expects total annual revenue between $17.6
billion to $17.8 billion, compared to its prior forecast of
$17.5 billion to $17.8 billion.
The company, which sources many of its products from China
and Mexico - countries whose goods are subject to steep duties -
reported earnings of 85 cents per share for the quarter, above
analysts' average estimate of 83 cents per share, according to
data compiled by LSEG.
Revenue for the quarter ended September 30 came in at $4.71
billion, also topping expectations of $4.69 billion.
Shares of the company rose marginally in after-hours
trading.