Cars.com: Q4 Earnings Snapshot

Associated Press Finance
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CHICAGO (AP) — CHICAGO (AP) — Cars.com Inc. (CARS) on Thursday reported fourth-quarter profit of $8.3 million.

The Chicago-based company said it had net income of 12 cents per share.

The online automotive marketplace posted revenue of $179.6 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $178.5 million.

For the year, the company reported profit of $118.4 million, or $1.74 per share. Revenue was reported as $689.2 million.

For the current quarter ending in March, Cars.com said it expects revenue in the range of $179 million to $181 million.

Cars.com shares have decreased almost 5% since the beginning of the year. The stock has climbed roughly 5% in the last 12 months.

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

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