AutoNation posts lower quarterly profit


DETROIT, Oct 26 (Reuters) - Car dealership group AutoNation Inc. on Thursday posted a drop in third-quarter net earnings on weak new vehicle sales. The largest U.S. automotive retailer said net income fell to $81.8 million, or 38 cents per share, from $129.3 million, or 48 cents per share, a year earlier. AutoNation said income from continuing operations, excluding items, was 40 cents a share. Analysts, on average, expected the company to earn 43 cents per share, according to Reuters ...

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