Lithia Motors (LAD) Surpasses Q2 Earnings and Revenue Estimates

Lithia Motors (LAD) came out with quarterly earnings of $7.87 per share, beating the Zacks Consensus Estimate of$ 7.09 per share. This compares to earnings of $10.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11%. A quarter ago, it was expected that this auto dealership chain would post earnings of$ 7.85 per share when it actually produced earnings of $6.11, delivering a surprise of -22.17%. Over the last four quarters, ...