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LKQ: 1Q Earnings Snapshot

CHICAGO (AP) _ LKQ Corp. (LKQ) on Thursday reported first-quarter earnings of $98 million.

On a per-share basis, the Chicago-based company said it had net income of 31 cents. Earnings, adjusted for one-time gains and costs, were 56 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The vehicle components company posted revenue of $3.1 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $3.15 billion.

LKQ expects full-year earnings in the range of $2.34 to $2.46 per share.

LKQ shares have risen 33 percent since the beginning of the year. The stock has declined 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LKQ at https://www.zacks.com/ap/LKQ