Copart Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Copart Inc. (CPRT) announced a profit for its third quarter that increased from last year.

The company's bottom line totaled $127.35 million, or $0.52 per share. This compares with $90.55 million, or $0.38 per share, in last year's third quarter.

Excluding items, Copart Inc. reported adjusted earnings of $125.00 million or $0.52 per share for the period.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 27.9% to $478.20 million from $373.86 million last year.

Copart Inc. earnings at a glance:

-Earnings (Q3): $125.00 Mln. vs. $86.37 Mln. last year. -EPS (Q3): $0.52 vs. $0.37 last year. -Analysts Estimate: $0.50 -Revenue (Q3): $478.20 Mln vs. $373.86 Mln last year.