KAR Auction Services, Inc. Q3 Income Climbs 4%

(RTTNews) - KAR Auction Services, Inc. (KAR) announced earnings for its third quarter that advanced compared to the same period last year.

The company said its bottom line rose to $59.2 million, or $0.42 per share. This was higher than $56.8 million, or $0.40 per share, in last year's third quarter.

Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 13.2% to $666.7 million. This was up from $589.1 million last year.

KAR Auction Services, Inc. earnings at a glance:

-Earnings (Q3): $59.2 Mln. vs. $56.8 Mln. last year. -Earnings Growth (Y-o-Y): 4.2% -EPS (Q3): $0.42 vs. $0.40 last year. -EPS Growth (Y-o-Y): 5.0% -Analysts Estimate: $0.43 -Revenue (Q3): $666.7 Mln vs. $589.1 Mln last year. -Revenue Change (Y-o-Y): 13.2%

-Guidance: Full year EPS guidance: $1.62 - $1.77