UnitedAuto posts flat quarterly earnings

Newswire

DETROIT, July 30 (Reuters) - Auto dealer UnitedAuto Group Inc. reported flat second-quarter earnings on Wednesday as higher sales were offset by higher interest costs. The company said it earned $23.9 million, or 58 cents a share, compared with $23.9 million, or 56 cents a share, in the same quarter a year ago. Revenue increased 18.7 percent to $2.2 billion. UnitedAuto had told analysts it expected second-quarter earnings of 55 cents to 60 cents a share. The Detroit-based company and ...

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