UPDATE 1-AutoNation earnings fall from year-ago tax gain

Newswire

(Adds details throughout) DETROIT, April 29 (Reuters) - Car dealership group AutoNation Inc. on Thursday posted weaker net earnings from a year earlier when proceeds from a tax settlement drove up its profit. AutoNation said its net earnings fell to $87.3 million, or 32 cents per share, from $185.0 million, or 63 cents per share, in the previous first quarter, when it had a non-cash tax benefit of $127.5 million. In February, AutoNation said it expected first-quarter earnings in the ...

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