Lithia Motors: Q3 Earnings Snapshot
MEDFORD, Ore. (AP) — MEDFORD, Ore. (AP) — Lithia Motors Inc. (LAD) on Wednesday reported third-quarter earnings of $261.5 million.
The Medford, Oregon-based company said it had profit of $9.46 per share. Earnings, adjusted for non-recurring gains, were $9.25 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $9.97 per share.
The auto dealership chain posted revenue of $8.28 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $8.15 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAD at https://www.zacks.com/ap/LAD
