O'Reilly Automotive Q1 2024 Adj EPS $9.27 Beats $9.26 Estimate, Sales $3.98B Inline
Portfolio Pulse from Benzinga Newsdesk
O'Reilly Automotive (ORLY) reported Q1 2024 adjusted EPS of $9.27, slightly beating the consensus estimate of $9.26. Quarterly sales were $3.98 billion, in line with estimates and marking a 7.34% increase from the previous year.
April 24, 2024 | 8:34 pm
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O'Reilly Automotive reported a Q1 2024 EPS of $9.27, surpassing estimates by a narrow margin, with sales meeting expectations and showing significant year-over-year growth.
Beating EPS estimates, even by a small margin, can positively influence investor sentiment and potentially lead to a short-term increase in stock price. The reported sales growth year-over-year further reinforces the company's financial health and growth trajectory, supporting a positive outlook for the stock.
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