O’Reilly Automotive Inc. shares declined in the extended session after the auto-parts retailer’s earnings outlook fell below Wall Street estimates. O’Reilly shares fell 5.9% to $190.80 after hours. For the fourth quarter, the company estimated earnings of $2.65 to $2.75 a share, while analysts surveyed by FactSet expect earnings of $2.80 a share. The company reported third-quarter net income of $283.7 million, or $3.22 a share, compared with $278.5 million, or $2.90 a share, in the year-ago period. Revenue rose to $2.34 billion from $2.22 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of $3.15 a share on revenue of $2.34 billion.
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