Lithia Motors, Inc. LADreported adjusted earnings per share of $2.07 in first-quarter 2018, increasing from $2.01 in the prior-year quarter. However, the bottom line missed the Zacks Consensus Estimate of $2.4.
Reportedly, in the quarter, net income rose 3% year over year to $52 million. Revenues in the reported quarter were $2.
Gross profit climbed 19.5% to $408 million in the quarter under review from $341.7 million in the year-ago quarter.