MEDFORD, Ore. (AP) — MEDFORD, Ore. (AP) — Lithia Motors Inc. (LAD) on Tuesday reported second-quarter net income of $256.1 million.
The Medford, Oregon-based company said it had profit of $9.87 per share. Earnings, adjusted for non-recurring costs, were $10.24 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $9.78 per share.
The auto dealership chain posted revenue of $9.58 billion in the period.
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