UPDATE 1-Sonic Automotive earnings decline


DETROIT, Oct 28 (Reuters) - Auto dealer group Sonic Automotive Inc. said on Tuesday its third-quarter earnings fell as its domestic franchises performed poorly. Sonic said it earned $17.5 million, or 41 cents a share, in the quarter, down from $32 million, or 73 cents a share, in the same period a year ago. The results from this quarter included $9.3 million, or 23 cents a share, in costs related to debt buyback and issuance of new bonds. Revenue increased 5 percent to $2 billion. O. ...

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