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Technology Stocks : LKQ Corporation (LKQX)
LKQ 30.26+0.9%9:30 AM EST

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From: JakeStraw4/29/2010 7:50:38 AM
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LKQ Corporation Posts Record First Quarter 2010 Results
finance.yahoo.com

April 29, 2010, 7:00 am

* Diluted EPS from continuing operations increased 63.6% to $0.36
* Increases 2010 outlook for EPS from continuing operations; new range of $1.06 -- $1.12
* Aftermarket and refurbished parts revenue grew 10.9%

The Company also announced that it is raising earnings guidance for 2010. Income from continuing operations and diluted earnings per share from continuing operations are anticipated to be within the range of $154 million to $163 million and $1.06 to $1.12, respectively. The revised guidance reflects the higher commodity price environment and improved margins in the wholesale business. LKQ's previous guidance was $145 million to $155 million for income from continuing operations, and $1.00 to $1.06 for diluted earnings per share.
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