Sonic Automotive Q2 Adj. EPS Tops Estimates, But Revenues Miss

RTTNews | 143 days ago
Stocktwits
Sonic Automotive Q2 Adj. EPS Tops Estimates, But Revenues Miss

(RTTNews) - Automotive retailer Sonic Automotive, Inc. (SAH) reported Monday that net income for the second quarter nearly doubled to $41.2 million or $1.18 per share from $23.4 million or $0.65 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $1.47 per share, compared to $1.83 per share in the year-ago quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $1.38 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter declined 5 percent to $3.45 billion from $3.65 billion in the same quarter last year. Analysts expected revenues of $3.58 billion for the quarter

Sonic's Board of Directors approved a quarterly cash dividend of $0.30 per share, October 15, 2024 to all stockholders of record on September 13, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: SAH
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Sonic Automotive Q4 Results Miss Estimates

Sonic Automotive Q4 Results Miss Estimates

Automotive retailer Sonic Automotive, Inc. (SAH) reported Wednesday net income for the fourth quarter of $38.7 million or $1.11 per share, compared to a net loss of $190.90 million or $5.22 per share in the prior-year quarter.
RTTNews | 316 days ago
Turkish CB Cuts Interest Rate For First Time Since Early 2023

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Turkey's central bank lowered its key policy rate on Thursday, signaling a start to the easing cycle, after maintaining the key interest rate at a high level since the summer of 2023 amid the elevated inflationary pressures.
RTTNews | 5h 21min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

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The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st. The report said initial jobless claims slipped to 219,000, a decrease of 1,000 from the previous week's unrevised level of 220,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 6h 42min ago
Asian Shares Mixed In Thin Holiday Trade

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RTTNews | 12h 49min ago
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