LKQ Q2 Adj $0.98 Misses $1.03 Estimate, Sales $3.71B Miss $3.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
LKQ Corporation (NASDAQ:LKQ) reported Q2 earnings of $0.98 per share, missing the analyst consensus estimate of $1.03. Quarterly sales were $3.71 billion, also below the $3.87 billion estimate. Despite the misses, sales increased by 7.63% year-over-year.
July 25, 2024 | 10:01 am
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LKQ Corporation reported Q2 earnings of $0.98 per share, missing the analyst consensus estimate of $1.03. Quarterly sales were $3.71 billion, also below the $3.87 billion estimate. Despite the misses, sales increased by 7.63% year-over-year.
LKQ's Q2 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100