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O'Reilly Automotive: 1Q Earnings Snapshot

SPRINGFIELD, Mo. (AP) _ O'Reilly Automotive Inc. (ORLY) on Wednesday reported first-quarter profit of $321.2 million.

The Springfield, Missouri-based company said it had net income of $4.05 per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.06 per share.

The auto parts retailer posted revenue of $2.41 billion in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $2.44 billion.

O'Reilly Automotive shares have increased 15 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 17 percent. In the final minutes of trading on Wednesday, shares hit $396.84, a climb of 77 percent 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