UPDATE 1-Lithia posts stronger-than-expected profit

Newswire

* Q2 EPS ex-items 54 cents vs Street view 35 cents * Revenue up 30 percent to $689.1 million DETROIT, July 27 (Reuters) - Automotive dealership group Lithia Motors Inc posted a stronger-than-expected quarterly profit, boosted by higher sales of both new and used vehicles. Lithia, the No. 9 dealership group in the United States, reported net income of $14.83 million, or 55 cents cents a share, compared with a net loss a year earlier of $1.72 million, or 7 cents a share. Excluding ...

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