UPDATE 1-Lithia quarterly profit rises 33 percent


(Adds details) DETROIT, April 26 (Reuters) - Lithia Motors Inc on Tuesday posted a higher-than-expected 33 percent increase in quarterly earnings, boosted by higher parts sales and improved margins, and forecast that its full-year profit would be above Wall Street expectations. Medford, Oregon-based Lithia posted first quarter net income of $10 million, or 48 cents a share, up from $7.5 million, or 39 cents a share in the year-ago quarter. Excluding the impact of discontinued ...

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