Investing.com - O’Reilly Automotive reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
O’Reilly Automotive announced earnings per share of $8.78 on revenue of $3.67B. Analysts polled by Investing.com anticipated EPS of $8.98 on revenue of $3.71B.
O’Reilly Automotive shares are down 12% from the beginning of the year and are trading at $666.06 , down-from-52-week-high.They are outperforming the Nasdaq which is down 23.09% from the start of the year.
O’Reilly Automotive shares lost 3.39% in after-hours trade after the report.
O’Reilly Automotive follows other major Consumer Discretionary sector earnings this month
O’Reilly Automotive's report follows an earnings beat by Tesla on Wednesday, July 20, 2022, who reported EPS of $2.27 on revenue of $16.93B, compared to forecasts EPS of $1.81 on revenue of $16.54B.
Louis Vuitton ADR had beat expectations on Tuesday with second quarter EPS of $2.63 on revenue of $18.95B, compared to forecast for EPS of $2.59 on revenue of $18.36B.
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