14.09.2023 22:18:22 - dpa-AFX: Copart, Inc. Q4 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Copart, Inc. (CPRT) revealed earnings for its fourth
quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $347.79 million, or $0.36 per share. This
compares with $263.74 million, or $0.27 per share, in last year's fourth
quarter.
Excluding items, Copart, Inc. reported adjusted earnings of $330.43 million or
$0.34 per share for the period.
Analysts on average had expected the company to earn $0.32 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 12.9% to $997.59 million from $883.39
million last year.
Copart, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $347.79 Mln. vs. $263.74 Mln. last year.
-EPS (Q4): $0.36 vs. $0.27 last year.
-Analyst Estimate: $0.32
-Revenue (Q4): $997.59 Mln vs. $883.39 Mln last year.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX