logo
Plus   Neg
Share
Email

O'Reilly Automotive Issues Outlook; Board Approves $1.0 Bln Share Buyback

O'Reilly Automotive, Inc. (ORLY) said, for full year 2020, the company projects: earnings per share of $19.03 to $19.13; total revenue of $10.7 billion to $11.0 billion; and comparable store sales growth of 3% to 5%. Analysts polled by Thomson Reuters expect the company to report profit per share of $19.87 on revenue of $10.73 billion. Analysts' estimates typically exclude special items.

For the first-quarter, O'Reilly Automotive projects: earnings per share of $4.37 to $4.47; and comparable store sales growth of 2% to 4%. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.50.

Fourth-quarter earnings per share increased 14% to $4.25 from $3.72, a year ago. Sales increased 7%, to $2.48 billion from $2.31 billion. Comparable store sales increased 4.4%, for the quarter.

Also, the company announced that its Board has approved a resolution to increase the authorization amount under its share repurchase program by an additional $1.0 billion, raising the aggregate authorization under the program to $13.75 billion. The additional authorization is effective for a three-year period, beginning on February 5, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla has cut prices of its electric cars in North America following a decline in auto demand during the coronavirus-induced lockdowns. The company is also reducing the prices for its vehicles in China. The luxury electric car maker has reduced the prices for its flagship Model S sedan and the Model X sport utility vehicle by $5,000 each. The U.S. Food and Drug Administration granted approval for Artesunate for Injection 110 mg, powder and solvent for solution to biopharmaceutical company Amivas (US), LLC as the only FDA-approved drug now in the U.S. for the first-line treatment of severe malaria in adult and pediatric patients. It is also the first FDA-approved product that Amivas has introduced to their commercial portfolio. Retail giant Walmart Inc. is entering the fashion resale market through its partnership with thredUP, an online consignment store for second-hand fashion and accessories. The deal will enable Walmart to expand its online fashion offerings. Walmart said that starting Wednesday, customers can browse nearly 750,000 pre-owned items across women's and children's clothing, accessories and footwear.
Follow RTT