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Lithia Motors reports mixed Q1 results with earnings beat but revenue miss

A surprising earnings win couldn't offset revenue disappointment. How Lithia Motors navigated a volatile quarter—and what it means for investors.

The image shows a bar chart depicting the quarterly U.S. bank earnings from 2004 to the present....
The image shows a bar chart depicting the quarterly U.S. bank earnings from 2004 to the present. The chart is composed of several bars of varying heights, each representing a different year, with the height of each bar indicating the amount of earnings. The text at the top of the chart reads "Quarterly U. S. Bank Earnings 2004 - Present".

Lithia Motors reports mixed Q1 results with earnings beat but revenue miss

MEDFORD, Ore. (AP) - Lithia Motors Inc. (LAD) on Wednesday reported first-quarter profit of $100.4 million.

The Medford, Oregon-based company said it had profit of $4.28 per share. Earnings, adjusted for non-recurring costs, came to $7.34 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $7.06 per share.

The auto dealership chain posted revenue of $9.27 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $9.36 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAD at https://www.zacks.com/ap/LAD

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