UPDATE 1-AutoNation earnings rise on cost cuts

Newswire

(Recasts first sentence, updates throughout with details) DETROIT, July 24 (Reuters) - AutoNation Inc. , the nation's largest new and used vehicle dealer, said on Thursday second-quarter profit rose slightly thanks to cost cuts, and raised its outlook for the year despite worries about the economy. AutoNation said it earned $106.3 million, or 37 cents a share, compared with $103.8 million, or 32 cents a share, in the same quarter a year earlier. Analysts on average were expecting ...

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