Sonic Automotive: Q2 Earnings Snapshot
By AP News
Published - Aug 05, 2024, 06:52 AM ET
Last Updated - Aug 05, 2024, 06:52 AM EDT
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. (SAH) on Monday reported second-quarter net income of $41.2 million.
The Charlotte, North Carolina-based company said it had profit of $1.18 per share. Earnings, adjusted for non-recurring costs, were $1.47 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The auto dealer posted revenue of $3.45 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $3.55 billion.
