Sonic Automotive Inc (SAH) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $58.60 million, or $1.67 per share. This compares with $38.70 million, or $1.11 per share, last year.
Excluding items, Sonic Automotive Inc reported adjusted earnings of $53.10 million or $1.51 per share for the period.
Analysts on average had expected the company to earn $1.46 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 8.7% to $3.896 billion from $3.585 billion last year.
Sonic Automotive Inc earnings at a glance (GAAP) :
-Earnings: $58.60 Mln. vs. $38.70 Mln. last year.
-EPS: $1.67 vs. $1.11 last year.
-Revenue: $3.896 Bln vs. $3.585 Bln last year.
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