O'Reilly Automotive (ORLY) NewsBite - ORLY Earnings Beat Estimates
Posted: Thursday, October 29, 2009 12:04 PM EDT
By: Market Intelligence Center Staff
O'Reilly Automotive (NasdaqNM: ORLY) opened at $37.16. So far today, the stock has hit a low of $35.94 and a high of $38.09. ORLY is now trading at $37.76, up $4.09 (12.15%). Over the last 52 weeks the stock has ranged from a low of $21.36 to a high of $42.92. ORLY reported earnings last night, posting a third-quarter profit of $87 million, or 63 cents per share. Excluding one-time items, ORLY earned 63 cents per share on revenue of $1.26 billion, topping analysts' forecasts of 56 cents per share on revenue of $1.23 billion. Technical indicators for the stock are bullish and S&P gives ORLY a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ORLY the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE O'Reilly Automotive (ORLY) Stock ReportSee what our analysts have uncovered about O'Reilly Automotive (ORLY).