Lithia Motors (LAD) Tops Q3 EPS by 16c
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Lithia Reports Adjusted EPS of $2.03 for Third Quarter of 2015; Revenues Increase 61%
October 21, 2015 6:55 AM EDTMEDFORD, OR -- (Marketwired) -- 10/21/15 -- Lithia Motors, Inc. (NYSE: LAD) reported adjusted net income of $53.6 million for the third quarter of 2015, the highest quarterly net income in company history and a 54% increase over the prior year period.
2015 third quarter adjusted net income was $2.03 per diluted share. This compares to 2014 third quarter adjusted net income of $34.9 million, or $1.32 per diluted share.
Unadjusted net income for the third quarter of 2015 was $43.4 million, or $1.64 per diluted share, compared to $34.5 million, or $1.31 per diluted share, for the third quarter of 2014. As shown in the attached non-GAAP... More
