Stock Track | Lithia Motors Plunges 5.07% in Pre-Market on Q4 Earnings Miss
Stock Track
Feb 11
Lithia Motors (LAD) experienced a significant pre-market plunge of 5.07% on Wednesday, following the release of its fourth-quarter financial results.
The sharp decline came after the company reported adjusted earnings per share of $6.74, which missed the analyst consensus estimate of $8.11 by 16.9 percent. This result also represents a 13.48 percent decrease compared to earnings of $7.79 per share from the same period last year. While quarterly sales of $9.198 billion slightly exceeded the $9.189 billion estimate, the substantial earnings miss and year-over-year decline appear to be the primary drivers behind the negative investor sentiment in the pre-market session.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.