LKQ Q4 Adj. EPS $0.84 Beats $0.76 Estimate, Sales $3.50B Miss $3.51B Estimate
Portfolio Pulse from Benzinga Newsdesk
LKQ Corporation reported Q4 adjusted earnings of $0.84 per share, surpassing the consensus estimate of $0.76, marking a 7.69% year-over-year increase. However, their quarterly sales of $3.50 billion slightly missed the estimate of $3.51 billion, despite being a 16.66% increase from the previous year.
February 22, 2024 | 11:03 am
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LKQ Corporation exceeded Q4 EPS estimates but slightly missed on sales forecasts, showing strong year-over-year growth.
Beating EPS estimates typically has a positive impact on investor sentiment and stock price in the short term. Although the slight miss on sales forecasts could temper some enthusiasm, the overall strong year-over-year growth in both earnings and sales is likely to be viewed positively by the market.
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