LKQ Corporation (LKQX) Tops Q3 EPS by 3c; Guides In-line for FY

October 29, 2009 6:55 AM EDT

LKQ Corporation (Nasdaq: LKQX) reports Q3 EPS of $0.22 (ex-items), 3 cent better than estimates. Reveneus were $494.8 million vs. $499.66 million consensus.

Organic revenue growth, excluding Other Revenue, is projected to grow at a rate of 6% to 8%.

Excluding the impact of any restructuring expenses or the impact of fixed asset impairments and gains related to transactions with SSI, LKQ anticipates full year 2009 net income will be in the range of $120 million to $124 million and diluted earnings per share will be in the range of $0.83 to $0.86. (consensus is $0.83)

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