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Wednesday, June 27, 2012

Stock Alert - O'Reilly Automotive (ORLY) sink 14.2% premarket after the company lowers its Q2 sales guidance- 6/27/12

Shares of O'Reilly Automotive (ORLY) sink 14.2% premarket after the company lowers its Q2 sales guidance. The company was working on the assumption that a warm winter had shifted sales into Q1, but weak sales figures for May and June now point to a larger trend as consumers increasingly buy new cars instead of fixing up older ones.

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