KAR Auction Services, Inc. Q4 Profit Advances

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

The company said its bottom line came in at $85.5 million, or $0.63 per share. This was up from $62.7 million, or $0.45 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.4% to $890.4 million. This was up from $813.7 million last year.

KAR Auction Services, Inc. earnings at a glance:

-Earnings (Q4): $85.5 Mln. vs. $62.7 Mln. last year. -Earnings Growth (Y-o-Y): 36.4% -EPS (Q4): $0.63 vs. $0.45 last year. -EPS Growth (Y-o-Y): 40.0% -Analysts Estimate: $0.53 -Revenue (Q4): $890.4 Mln vs. $813.7 Mln last year. -Revenue Change (Y-o-Y): 9.4%

-Guidance: Full year EPS guidance: $2.89 - $3.04