DETROIT, April 29 (Reuters) - Car dealer Sonic Automotive Inc posted a decline in quarterly earnings on Tuesday due to slumping sales of new vehicles, and left intact a previously lowered full-year earnings forecast. Net income fell to $14.2 million, or 35 cents per share, in the first quarter, from $20 million, or 44 cents per share, a year earlier. Revenue rose 1 percent to $1.9 billion. Sonic Automotive reported earnings per share from continuing operations of 44 cents. On that basis, ...
Premium Content (PAID Subscription Required)
"Sonic Automotive quarterly earnings fall" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.