SAN FRANCISCO (Thomson Financial) - O'Reilly Automotive Inc. late Tuesday
reported first-quarter net earnings of $46.3 million, or 40 cents a share, below
the mean 43-cent estimate of analysts polled by Thomson Financial.
Net income in the year-ago period was $48.4 million, or 42 cents a share.
Revenue for the period ended March 31 rose to $646.2 million from $613.1
million a year earlier, versus the mean Street view of $666 million.
Same-store sales fell 0.4% in the first quarter, the Springfield, Mo.-based
automotive aftermarket products retailer said.
O'Reilly sees second-quarter earnings of 47 cents to 51 cents a share and a
3% to 5% same-store sales increase over the same period.
The company also lowered its full-year earnings estimate to a range of $1.81
to $1.85 a share from its February forecast of $1.84 to $1.88 a share.
The stock closed the regular session down 8 cents at $27.55.
Brigid Gaffikin
bg/gm
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