LKQ Q3 Adj EPS $0.88 Misses $0.89 Estimate, Sales $3.58B Miss $3.63B Estimate
Portfolio Pulse from Benzinga Newsdesk
LKQ Corporation reported Q3 earnings per share of $0.88, missing the analyst estimate of $0.89. Sales were $3.58 billion, below the expected $3.63 billion. Despite missing estimates, both EPS and sales showed slight year-over-year growth.
October 24, 2024 | 10:02 am
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NEGATIVE IMPACT
LKQ's Q3 earnings and sales both missed analyst estimates, with EPS at $0.88 and sales at $3.58 billion. Despite the miss, there was slight growth compared to last year.
LKQ's earnings and sales both missed analyst expectations, which is typically viewed negatively by investors, likely leading to a short-term decrease in stock price. However, the slight year-over-year growth may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100