LKQ Corporation Announces Results for Second Quarter 2019
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LKQ Corporation (LKQ) Tops Q2 EPS by 1c, Revenues Miss; Lowers FY19 EPS Mid-Point Guidance Below Consensus
July 25, 2019 6:21 AM EDTLKQ Corporation (NASDAQ: LKQ) reported Q2 EPS of $0.65, $0.01 better than the analyst estimate of $0.64. Revenue for the quarter came in at $3.25 billion versus the consensus estimate of $3.29 billion.
Revenue growth of 7% to $3.25 billionParts and services organic revenue declined 2.1%; (1.3% on a per day basis)Non-cash impairment charge of $25 million, net of tax, related to assets held for saleNet income from continuing operations attributable to LKQ stockholders of $150 million (down 4%); adjusted net income of $204 million (up 6%)Diluted EPS from... More