LKQ Q2 Earnings Rise, Results Beat Estimates - Quick Facts

(RTTNews) - Autoparts maker LKQ Corp. (LKQ) Thursday reported a rise in earnings as well as revenues for the second quarter. In addition. both earnings and revenues topped analysts' estimates.

Further, the company raised the bottom end of its annual earnings outlook.

Net earnings grew to $104.9 million or $0.34 per share, from $75.7 million or $0.25 per share a year earlier.

Excluding certain items, earnings totaled $107.98 million or $0.35 per share, compared with $80.14 million or $0.26 per share a year earlier.

On average, thirteen analysts polled by Thomson-Reuters estimated the company's earnings to be $0.34 for the quarter. Analysts' estimates typically exclude one-time items.

EBITDA totaled $205.89 million, compared with $152.39 million a year earlier.

Revenues increased by 36.5 percent to $1.71 billion, from $1.25 billion last year, above the $1.63 billion Wall Street expected.

The company raised the bottom end of its annual adjusted earnings outlook to $405 million to $430 million, from the range of $400 million to $430 million previously projected. LKQ also raised the bottom end of its adjusted per-share earnings outlook to $1.32 to $1.40, from a range of $1.30 to $1.40 previously projected.