LKQ Posts Q2 Results Beat

LKQ, a distributor of vehicle products, reported Thursday Q2 adjusted earnings of $0.53 per share, up from $0.52 per share in the prior year period and a penny higher than the Street estimate provided by Capital IQ. Revenues were $2.46 billion, up from $2.30 billion reported for the same period last year and higher than the $2.41 billion Street estimate.

For 2017, the company now expects adjusted EPS in a range of $1.84 to $1.92, compared to prior guidance of $1.82 to $1.92. The company also expects organic growth for parts and services revenue of 4% to 5.3% versus prior outlook of 4% to 6%. The Street consensus calls for earnings of $1.87 per share.

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