Lithia Motors (LAD) Misses Q3 EPS by 19c, Sales Beat

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Go back to Lithia Motors (LAD) Misses Q3 EPS by 19c, Sales Beat

Lithia Reports Record Third Quarter 2017 Results, Increases Revenue 19%

October 25, 2017 7:00 AM EDT

Declares Dividend of $0.27 Per Share for Third Quarter

MEDFORD, Ore.--(BUSINESS WIRE)-- Lithia Motors, Inc. (NYSE: LAD) today reported the highest third quarter revenue in company history and the 28th consecutive quarter of record results.

Third quarter 2017 net income per diluted share decreased 3% to $2.07 from $2.14 for the third quarter of 2016. Adjusted net income per diluted share increased 6% to $2.18 from $2.06 for the same period in 2016. Third quarter 2017 net income decreased 4% to $51.9 million from $54.0 million for the third quarter of 2016. Adjusted net income increased 5% to $54.8 million compared to third quarter 2016... More