UPDATE 1-AutoNation profit rises 30 pct in fourth quarter

Newswire

DETROIT, Jan 29 (Reuters) - Auto dealership group AutoNation said on Thursday that profit rose 30 percent in the fourth quarter on cost-cuts and a gain from a tax adjustment. The company's earnings rose to $67.1 million, or 38 cents per share, from $51.7 million, or 28 cents per share, a year ago. Adjusted income from continuing operations was 12 cents per share, or 2 cents higher than the average estimate of Wall Street analysts, according to Reuters Estimates Revenue fell to $2.7 ...

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