KAR Auction Services, Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - KAR Auction Services, Inc. (KAR) released earnings for fourth quarter that decreased from last year.

The company's profit totaled $67.3 million, or $0.50 per share. This compares with $172.8 million, or $1.27 per share, in last year's fourth quarter.

Excluding items, KAR Auction Services, Inc. reported adjusted earnings of $83.6 million or $0.62 per share for the period.

Analysts had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.3% to $929.0 million from $890.4 million last year.

KAR Auction Services, Inc. earnings at a glance:

-Earnings (Q4): $83.6 Mln. vs. $85.5 Mln. last year. -EPS (Q4): $0.62 vs. $0.63 last year. -Analysts Estimate: $0.59 -Revenue (Q4): $929.0 Mln vs. $890.4 Mln last year.