Investing.com - Lithia Motors (NYSE:LAD) 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, still down 43.40% from its 52 week high of $366.36 set on October 20, 2021.
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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