financetom
Business
financetom
/
Business
/
LKQ Q2 Adjusted Earnings Fall, Revenue Rises; Trims FY24 Earnings Outlook; Shares Decline
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
LKQ Q2 Adjusted Earnings Fall, Revenue Rises; Trims FY24 Earnings Outlook; Shares Decline
Jul 25, 2024 5:26 AM

07:45 AM EDT, 07/25/2024 (MT Newswires) -- LKQ (LKQ) reported Q2 adjusted earnings Thursday of $0.98 per diluted share, down from $1.09 a year earlier.

Analysts polled by Capital IQ expected $1.03.

Revenue for the quarter ended June 30 was $3.71 billion compared with $3.45 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.87 billion.

The company trimmed its full-year 2024 adjusted earnings forecast to $3.50 to $3.70 per share from $3.90 to $4.20 previously. Analysts surveyed by Capital IQ expect $3.92.

LKQ shares were down by more than 10% in premarket trading.

Price: 40.00, Change: -4.48, Percent Change: -10.07

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ollie's Bargain Outlet Lifts Full-Year Guidance After First-Quarter Beat; Discloses Management Changes
Ollie's Bargain Outlet Lifts Full-Year Guidance After First-Quarter Beat; Discloses Management Changes
Jun 5, 2024
11:05 AM EDT, 06/05/2024 (MT Newswires) -- Ollie's Bargain Outlet (OLLI) posted stronger-than-expected fiscal first-quarter gains on Wednesday and sweetened its outlook for the ongoing year while announcing executive leadership changes. Revenue rose to $508.8 million for the three months ended May 4 from $459.2 million the year earlier and topped the $506.2 million average analyst estimate on Capital IQ....
Riot Platforms Shares Drop After Kerrisdale Capital Discloses Short Position
Riot Platforms Shares Drop After Kerrisdale Capital Discloses Short Position
Jun 5, 2024
10:58 AM EDT, 06/05/2024 (MT Newswires) -- Riot Platforms ( RIOT ) shares fell 6.3% in recent Wednesday trading after Kerrisdale Capital disclosed a short position in the bitcoin miner. Bitcoin mining is easily among the worst business models for a public company we have ever encountered: unpredictable revenue, capital intensive, extremely competitive, a pure commodity product, and lately drawing...
Knightscope Gets Nasdaq Extension to Regain Compliance; Shares Jump
Knightscope Gets Nasdaq Extension to Regain Compliance; Shares Jump
Jun 5, 2024
10:58 AM EDT, 06/05/2024 (MT Newswires) -- Knightscope ( KSCP ) said Wednesday the Nasdaq has granted it an extension until Oct. 4 to implement a reverse stock split to help the company regain compliance with the bid price rule for continued listing. The company said the reverse stock split shall be undertaken on or before Sept. 20 after obtaining...
Air Transat and Porter Airlines Expand Commercial Collaboration
Air Transat and Porter Airlines Expand Commercial Collaboration
Jun 5, 2024
11:00 AM EDT, 06/05/2024 (MT Newswires) -- Air Transat (TRZ.TO) and Porter Airlines said Wednesday they are launching the first phase of their joint venture. This will allow for travellers to use each partner's distribution channels to book direct and connecting flights with either Air Transat or Porter, increasing their access to more destinations worldwide. Our alliance is enhancing the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved