O'Reilly Automotive shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
O'Reilly Automotive's shares declined following disappointing Q3 financial results and lower-than-expected FY24 EPS guidance.
October 23, 2024 | 8:52 pm
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O'Reilly Automotive's shares are down due to underwhelming Q3 results and FY24 EPS guidance that missed estimates.
The company's Q3 financial results were below expectations, which typically leads to a negative market reaction. Additionally, the FY24 EPS guidance being below estimates suggests potential future challenges, further pressuring the stock price.
CONFIDENCE 95
IMPORTANCE 90
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