Sonic Automotive: Q3 Earnings Snapshot

Associated Press Finance
1 min read
0
In this article:

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. (SAH) on Thursday reported third-quarter earnings of $68.4 million.

On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.92. Earnings, adjusted for non-recurring costs, came to $2.02 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The auto dealer posted revenue of $3.64 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $3.57 billion.

_____

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

Advertisement

Recommended Stories