Why O'Reilly Automotive Stock Gained After-Hours
Portfolio Pulse from Ryan Gustafson
O'Reilly Automotive Inc's shares traded higher in the after-hours session following the release of its Q3 financial results and 2023 guidance. The company reported earnings of $10.72 per share, beating the estimate of $10.40, and sales of $4.20 billion, surpassing the $4.094 billion estimate. The company also reported an 8.7% growth in comparable store sales. The 2023 earnings per share is estimated to be between $37.80 and $38.30, with total revenue anticipated to be between $15.7 billion and $15.8 billion.
October 25, 2023 | 9:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
O'Reilly Automotive's Q3 earnings and sales beat estimates, and the company issued strong 2023 guidance, which led to a rise in its stock price.
O'Reilly Automotive reported strong Q3 results and issued a positive 2023 guidance, both of which exceeded estimates. This positive financial performance is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100