Investing.com - Lithia Motors reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lithia Motors announced earnings per share of $11.92 on revenue of $7.30. Analysts polled by Investing.com anticipated EPS of $12.11 on revenue of $7.41B.
Lithia Motors shares are down 30.17% from the beginning of the year and are trading at $207.36 , down-from-52-week-high.
Lithia Motors follows other major Consumer Discretionary sector earnings this month
Lithia Motors's report follows an earnings beat by Nike on September 29, who reported EPS of $0.93 on revenue of $12.69B, compared to forecasts EPS of $0.922 on revenue of $12.28B.
Lennar B had beat expectations on September 21 with third quarter EPS of $5.03 on revenue of $8.93B, compared to forecast for EPS of $4.81 on revenue of $8.93B.
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