O'Reilly Automotive Q1 Profit Rises

(RTTNews) - O'Reilly Automotive Inc. (ORLY), Wednesday reported first-quarter net income of $174 million or $1.61, up from $154 million or $1.36 last year.

On average, 23 analysts polled by Thomson Reuters expected the company to report profit of $1.58 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the first quarter grew 9 percent to $1.73 billion from $1.59 billion last year. Analysts estimated revenues of $1.72 billion for the quarter.

Looking forward to the second quarter, the company expects earnings of $1.79 to $1.83 per share and comparable store sales growth of 2 to 4 percent. Analysts currently estimate earnings of $1.85 per share for the quarter.

For the full year 2014, the company expects earnings of $6.82 to $6.92 per share and total revenues of $7.0 billion to $7.2 billion. Analysts currently estimate earnings of $7.03 and revenues of $7.13 billion for the year.

Initially, the company expected full-year earnings of $6.74 to $6.84 per share.