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 EPS of $12.11 on revenue of $7.41B.
Lithia Motors 's are down 30.17% and is trading at $207.36 , still down 43.40% from its 52 week high of $366.36 set on Wednesday, 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 Thursday, September 29, 2022, who reported EPS of $0.93 on revenue of $12.69B, EPS of $0.922 on revenue of $12.28B.
Lennar B had beat expectations on Wednesday, September 21, 2022 with third quarter EPS of $5.03 on revenue of $8.93B, for EPS of $4.81 on revenue of $8.93B.
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