MEDFORD, Ore. (AP) _ Lithia Motors Inc. (LAD) on Wednesday reported third-quarter net income of $93.1 million.

The Medford, Oregon-based company said it had profit of $3.84 per share. Earnings, adjusted for non-recurring gains, came to $2.83 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.58 per share.

The auto dealership chain posted revenue of $3.09 billion in the period.

Lithia Motors expects full-year earnings to be $9.50 per share, with revenue in the range of $11.75 billion to $12.25 billion.

Lithia Motors shares have dropped 33 percent since the beginning of the year. The stock has dropped 33 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LAD at