LKQ Cuts 2019 Profit View

(RTTNews) - LKQ Corp. (LKQ) cut its profit outlook for fiscal year 2019.

The company cut its 2019 net income attributable to stockholders outlook to a range of $540 million - $565 million or $1.73 to $1.81 per share from the prior estimation of $586 million - $625 million or $1.87 - $2.00 per share.

The company also lowered its adjusted net income attributable to stockholders to a range of $718 million - $743 million or $2.30 to $2.38 per share from the prior outlook of $732 million to $771 million or $2.34 to $2.46 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $2.38 per share for fiscal year 2019. Analysts' estimates typically exclude special items.