Lithia Motors Q2 Adj. EPS $10.91 Beats $9.26 Estimate, Sales $8.11B Beat $7.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lithia Motors reported Q2 adjusted earnings of $10.91 per share, beating the analyst consensus estimate of $9.26 by 17.82%. However, this is a 10.43% decrease from the same period last year. The company also reported quarterly sales of $8.11 billion, beating the analyst consensus estimate of $7.92 billion by 2.40%, and marking a 12.02% increase from the same period last year.
July 26, 2023 | 9:03 am
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Lithia Motors' Q2 earnings and sales beat estimates, but earnings are down from last year. Sales have increased YoY.
Lithia Motors' Q2 earnings and sales beat analyst estimates, which is generally positive news for the stock. However, the decrease in earnings compared to the same period last year might temper investor enthusiasm. The increase in sales YoY is a positive sign of growth.
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IMPORTANCE 80
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