Lithia Motors Q3 EPS $9.25 Misses $10.08 Estimate, Sales $8.28B Beat $8.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lithia Motors (NYSE:LAD) reported Q3 earnings of $9.25 per share, missing the analyst consensus estimate of $10.08 by 8.23%. This is a 16.52% decrease from the same period last year. However, the company's quarterly sales of $8.28 billion beat the analyst consensus estimate of $8.20 billion by 0.98%, marking a 12.32% increase from last year.
October 25, 2023 | 9:05 am
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Lithia Motors' Q3 earnings per share missed analyst estimates by 8.23%, but sales exceeded estimates by 0.98%.
Lithia Motors' earnings miss could negatively impact the stock price in the short term. However, the sales beat might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100