SPRINGFIELD (dpa-AFX) - O'Reilly Automotive Inc. (ORLY) reported that its first-quarter net income increased 44%, to $147.49 million from $102.47 million for the same period one year ago. Earnings per share for the first quarter increased 58% to $1.14 from $0.72 for the same period one year ago.
Adjusted net income for the first quarter rose 25% to $147 million from $118 million last year. Adjusted earnings per share increased 37% to $1.14 from $0.83 for the same period one year ago. Analysts polled by Thomson Reuters expected the company to report earnings of $1.04 per share for the quarter. Analysts' estimates typically exclude special items.
Sales for the first quarter increased 11%, to $1.53 billion from $1.38 billion for the same period one year ago. Seventeen analysts had consensus revenue estimate of $1.49 billion for the quarter.
For the second-quarter, the company expects earnings per share to be in the range $1.13 to $1.17, Comparable store sales to grow 3% to 5%. Analysts expect the company to report earnings of $1.17 per share for the second-quarter.
For fiscal 2012, the company now expects earnings per share to be in the range of $4.47 to $4.57, compared to prior outlook of $4.27 to $4.37 per share. Comparable store sales is expected to grow 3% to 6%. The company still expects revenue to be in the range of $6.15 billion to $6.25 billion.
Analysts expect the company to report earnings of $4.51 per share on revenues of $6.22 billion for fiscal 2012.
Copyright RTT News/dpa-AFX
© 2012 AFX News
