O'Reilly Automotive Inc. (ORLY) experienced a significant after-hours plunge of 6.42% following the release of its fourth-quarter financial results.
The auto parts retailer reported quarterly earnings per share of $0.71, which fell short of the analyst consensus estimate of $0.72. This earnings miss appears to be the primary driver behind the stock's sharp decline in the extended trading session.
Despite the earnings disappointment, the company's quarterly sales of $4.414 billion exceeded the estimated $4.389 billion, representing a 7.76% increase from the same period last year. Comparable store sales grew by 5.6% for the quarter, while the company provided a full-year comparable store sales outlook of 3.0% to 5.0%.