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LKQ Q2 Adjusted Earnings Fall, Revenue Rises; Trims FY24 Earnings Outlook; Shares Decline
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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

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