Lithia Motors (LAD) Lags Q1 Earnings Estimates

Lithia Motors (LAD) came out with quarterly earnings of $6.11 per share, missing the Zacks Consensus Estimate of $7.85 per share. This compares to earnings of $8.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.17%. A quarter ago, it was expected that this auto dealership chain would post earnings of $8.11 per share when it actually produced earnings of $8.24, delivering a surprise of 1.60%.Over the last four quarters, t ...