FX.co ★ LKQ Corp Q1 Profit Decreases, misses estimates

LKQ Corp (LKQ) recently reported a first-quarter profit that not only declined from the previous year, but also failed to meet the market expectations.

The company posted profits of $158 million, equating to $0.59 per share, which is a significant drop from last year's first-quarter profits of $270 million, or $1.01 per share.

When excluding certain one-time items, LKQ Corp's adjusted earnings could be estimated at $220 million, or $0.82 per share, for this same period.

This did disappoint Wall Street analysts who, on average, had anticipated that the company would deliver earnings closer to $0.95 per share. It's important to note that these estimates usually do not include the impact of exceptional items.

Furthermore, the company's quarterly revenue experienced a growth of 10.4%, rising to $3.70 billion from last year's $3.35 billion.

To summarize, LKQ Corp’s first quarter earnings can be viewed as follows (based on GAAP):

- Earnings (Q1): $158 million; down from $270 million last year.

- Earnings per Share (Q1): $0.59; down from $1.01 last year.

- Revenue (Q1): $3.70 billion, up from $3.35 billion last year.

Looking ahead, LKQ Corp has projected full-year earnings per share within a range of $3.90 to $4.20.