Copart 4Q Profit Falls 15 Percent On Sales Slide
Stock quotes in this article:
CPRT
FAIRFIELD, Calif. (AP) Copart Inc., a junk-car auction service, said Wednesday that its fiscal fourth-quarter profit fell 15 percent to $34.6 million, as sales fell more than 10 percent.
The earnings for the three months ended July 31 were equivalent to 41 cents a share, compared to a profit of $40.8 million, or 47 cents a share, a year ago. Sales in the quarter fell to $184.3 million from $206.3 million a year earlier. Analysts surveyed by Thomson Reuters, who generally exclude one-time items from their estimates, were expecting earnings of 43 cents a share on sales of $184.9 million.- Loading Comments...
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