Auto dealer chain Lithia reports higher earnings


MEDFORD, Ore., Oct 30 (Reuters) - Auto dealer chain Lithia Motors Inc. said on Wednesday quarterly earnings rose 39 percent on higher new car sales. Lithia said net income totaled $10.7 million, or 59 cents a share, in the third quarter, up from $7.7 million or 56 cents a share in the same quarter a year ago. Revenue rose 46 percent to $688 million. The company told investors in July it was expecting to earn between 56 cents and 58 cents a share. Lithia and other publicly traded ...

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