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AutoNation Inc. Q2 adjusted earnings Beat Estimates

AutoNation Inc. (AN) announced a profit for its second quarter that advanced from last year.

The company's earnings came in at $279.8 million, or $3.18 per share. This compares with $100.8 million, or $1.12 per share, in last year's second quarter.

Excluding items, AutoNation Inc. reported adjusted earnings of $123.9 million or $1.41 per share for the period.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 15.2% to $4.53 billion from $5.34 billion last year.

AutoNation Inc. earnings at a glance:

-Earnings (Q2): $123.9 Mln. vs. $108.3 Mln. last year.
-EPS (Q2): $1.41 vs. $1.20 last year.
-Analysts Estimate: $0.37
-Revenue (Q2): $4.53 Bln vs. $5.34 Bln last year.

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