LKQ Lowers FY24 Adj EPS Outlook From $3.90 - $4.20 To $3.50 - $3.70 Vs. $3.92 Est.
Portfolio Pulse from Benzinga Newsdesk
LKQ Corporation has lowered its FY24 adjusted EPS outlook from $3.90 - $4.20 to $3.50 - $3.70, compared to the $3.92 estimate.
July 25, 2024 | 10:05 am
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LKQ Corporation has revised its FY24 adjusted EPS outlook downward from $3.90 - $4.20 to $3.50 - $3.70, which is below the $3.92 estimate. This adjustment may indicate potential challenges or lower-than-expected performance in the upcoming fiscal year.
The downward revision of the EPS outlook suggests that LKQ may be facing operational or market challenges that could impact its financial performance. This is likely to be viewed negatively by investors, leading to a potential short-term decline in the stock price.
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