Plus   Neg

Sonic Automotive Inc Q4 adjusted earnings Miss Estimates

Sonic Automotive Inc (SAH) released earnings for fourth quarter that declined from last year.

The company's bottom line came in at $21.82 million, or $0.51 per share. This compares with $61.95 million, or $1.42 per share, in last year's fourth quarter.

Excluding items, Sonic Automotive Inc reported adjusted earnings of $32.55 million or $0.76 per share for the period.

Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.7% to $2.57 billion from $2.67 billion last year.

Sonic Automotive Inc earnings at a glance:

-Earnings (Q4): $32.55 Mln. vs. $36.39 Mln. last year.
-EPS (Q4): $0.76 vs. $0.83 last year.
-Analysts Estimate: $0.84
-Revenue (Q4): $2.57 Bln vs. $2.67 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT