-+ 0.00%
-+ 0.00%
-+ 0.00%
Sonic Automotive: Q2 Earnings Snapshot
Share
Listen to the news

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. (SAH) on Thursday reported second-quarter earnings of $57.4 million.

The Charlotte, North Carolina-based company said it had net income of $1.79 per share. Earnings, adjusted for non-recurring costs, came to $1.82 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.

The auto dealer posted revenue of $3.93 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $3.78 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending