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Sonic Automotive: Q3 Earnings Snapshot
By AP News - Oct 24, 2024, 06:52 AM ET
Last Updated - Dec 16, 2024, 06:02 PM EST
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. (SAH) on Thursday reported third-quarter earnings of $74.2 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $2.13. Earnings, adjusted for non-recurring gains, were $1.26 per share.
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The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The auto dealer posted revenue of $3.49 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $3.54 billion.
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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 SAH at https://www.zacks.com/ap/SAH
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