UPDATE 1-LKQ quarterly profit rises, raises '07 view

Newswire

(Adds details, outlook) July 26 (Reuters) - Automobile parts recycler LKQ Corp. reported a higher quarterly profit, helped by the robust supply of wholesale salvage vehicles and improved operating income margin. The company also raised its full-year outlook slightly. Net income for the latest second-quarter rose 20.2 peercent to $14.0 million, or 25 cents a share, from $11.7 million, or 21 cents a share in the year-ago period. Earnings were hurt by 1 cent a share due to a write-off of ...

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