OPENLANE, Inc. (KAR) reported a profit for its first quarter that increased from the same period last year
The company's bottom line totaled $36.9 million, or $0.18 per share. This compares with $18.5 million, or $0.05 per share, last year.
Excluding items, OPENLANE, Inc. reported adjusted earnings of $0.31 per share for the period.
The company's revenue for the period rose 7.0% to $460.1 million from $429.9 million last year.
OPENLANE, Inc. earnings at a glance (GAAP) :
-Earnings: $36.9 Mln. vs. $18.5 Mln. last year.
-EPS: $0.18 vs. $0.05 last year.
-Revenue: $460.1 Mln vs. $429.9 Mln last year.
-Guidance:
Full year EPS guidance: $0.90 - $1.00
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