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
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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.
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