SPRINGFIELD, Mo. (AP) _ O'Reilly Automotive Inc. (ORLY) on Wednesday reported fourth-quarter net income of $324.9 million.
The Springfield, Missouri-based company said it had profit of $4.25 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.26 per share.
The auto parts retailer posted revenue of $2.48 billion in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $2.47 billion.
For the year, the company reported profit of $1.39 billion, or $17.88 per share. Revenue was reported as $10.15 billion.
O'Reilly Automotive expects full-year earnings to be $19.03 to $19.13 per share, with revenue in the range of $10.7 billion to $11 billion.
O'Reilly Automotive shares have fallen slightly more than 4% since the beginning of the year, while the Standard & Poor's 500 index has climbed 3%. In the final minutes of trading on Wednesday, shares hit $419.21, a climb of 17% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORLY at https://www.zacks.com/ap/ORLY
O'Reilly Automotive, Inc. is one of the largest American distributors of automotive parts. The products are sold under own brands (BesTest®, BrakeBest®, Cartek®, Import Direct®, MasterPro®, MicroGard®, Murray®, Omnispark®, O'Reilly Auto Parts®, Precision®, Power Torque®, Super Start®, Syntec® and Ultima®) and third-party brands (AC Delco, Armor All, Bosch, Castrol, Dorman, Fel-Pro, Gates Rubber, Lucas Oil, Mobil1, Monroe, Moog, Pennzoil, Prestone, Standard, STP, Turtle Wax, Valvoline, Wagner et Wix). The group's activity is primarily organized around 3 families of products:
- automotive parts: alternator, starters, water pumps, chassis parts, etc.;
- maintenance products: antifreeze, filters, etc.;
- accessories: primarily automotive carpets and seat covers.
At the end of 2022, the products were marketed through a network of 5,971 stores located in the United States (5,929) and Mexico (42).