LKQ Corp. (LKQ) reported a rise in first-quarter net income to $84.6 million, or $0.28 per share, from $81.0 million, or $0.27 per share, for the same period of 2012. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.29 for the quarter. Analysts' estimates typically exclude one-time items.
The company said the recent quarter's earnings per share included a loss equal to $0.01 per share resulting from restructuring and acquisition related expenses and the change in fair value of contingent consideration liabilities. Last year's earnings per share included a gain equal to $0.02 per share that resulted from a favorable legal settlement.
The firm recorded first-quarter revenue of $1.20 billion, up 15.9% compared with $1.03 billion in the previous year, while 8 analysts projected revenue of $1.16 billion.
For 2013, the company still sees earnings per share in the range of $1.00 - $1.09, and net income of $305 million - $330 million. Full-year organic revenue growth guidance is now anticipated to be 6.5% to 8.5%, versus its prior view of 5.5% to 7.5%. Analysts anticipate annual earnings of $1.06 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.