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Newswire

Sonic third-quarter profit rises

DETROIT, Oct 26 (Reuters) - Auto dealer group Sonic Automotive Inc. said on Tuesday its third-quarter earnings rose despite losses stemming from the recent hurricanes and a tough market for new and used vehicles.

The company said it earned $19.3 million, or 46 cents per share, up from $17.5 million, or 41 cents a share, in the year-earlier quarter.