CARMEL, Ind. (AP) _ KAR Auction Services Inc. (KAR) on Tuesday reported a third-quarter loss of $1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Carmel, Indiana-based company said it had a loss of 10 cents. Earnings, adjusted for one-time gains and costs, were 8 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The used and salvaged vehicle auctioneer posted revenue of $535.2 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $506.9 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KAR at https://www.zacks.com/ap/KAR

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News