Lithia Motors Inc (LAD) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $217 million, or $8.12 per share. This compares with $216 million, or $7.74 per share, last year.
Excluding items, Lithia Motors Inc reported adjusted earnings of $209 million or $7.79 per share for the period.
Analysts on average had expected the company to earn $7.2 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 19.5% to $9.2 billion from $7.7 billion last year.
Lithia Motors Inc earnings at a glance (GAAP) :
-Earnings: $217 Mln. vs. $216 Mln. last year.
-EPS: $8.12 vs. $7.74 last year.
-Revenue: $9.2 Bln vs. $7.7 Bln last year.
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