O'Reilly Q4 Results Top Estimates

(RTTNews) - O'Reilly Automotive, Inc. (ORLY) reported net income for the fourth quarter of $182 million or $1.76 per share, compared to $152 million or $1.40 per share for the year-ago quarter.

Sales for the fourth quarter rose 9% to $1.76 billion from $1.62 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.68 per share on revenue of $1.74 billion for the fourth quarter. Analysts' estimates typically exclude special items.

The company also said that its Board of Directors has approved a resolution to increase the authorization amount under its share repurchase program by an additional $500 million, raising the aggregate authorization under the program to $5.0 billion. The additional $500 million authorization is effective for a three-year period, beginning on February 4, 2015.

Looking forward, the company forecasts first quarter earnings of $1.89 to $1.93 per share. Analysts currently expects earnings of $1.88 per share for the quarter.

For the full year 2015, the company forecasts revenue of $7.6 billion to $7.8 billion and earnings of $8.20 to $8.30 per share. Analysts currently expect the company to earn $8.33 per share on revenue of $7.68 billion for the full year 2015.