UPDATE 1-Sonic Auto posts 1st-qtr dip in profits

Newswire

(Recasts, adds details) DETROIT, April 25 (Reuters) - Car dealer Sonic Automotive Inc. on Tuesday posted a slight decline in quarterly earnings, hurt by losses from discontinued operations. The Charlotte, North Carolina, company said first-quarter profit slipped to $17.08 million, or 39 cents a share, from $17.11 million, or 40 cents a share, a year earlier. Profit from continuing operations was 50 cents per share. On that basis, Wall Street analysts expected 46 cents a share, ...

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