AutoNation 1st-qtr profit dips; key markets weaken

Newswire

DETROIT, April 26 (Reuters) - Car dealership chain AutoNation Inc on Thursday said first-quarter profit fell, hurt by higher interest expense and weaker demand for new vehicles in the key markets of California and Florida. The largest U.S. automotive retailer said net income fell to $77.6 million from $87.2 million a year earlier. Earnings per share, however, rose to 37 cents per share from 33 cents per share a year earlier due to a share buyback program. Income from continuing ...

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