O'Reilly Automotive shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
O'Reilly Automotive shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 guidance below estimates.
July 24, 2024 | 9:05 pm
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NEGATIVE IMPACT
O'Reilly Automotive reported Q2 financial results that were worse than expected and issued FY24 guidance below estimates, leading to a decline in share price.
The company's worse-than-expected Q2 financial results and lower FY24 guidance are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100