UPDATE 1-Sonic earnings rise, maintains 2004 outlook


(Adds details thorughout) DETROIT, July 27 (Reuters) - Car dealership group Sonic Automotive Inc. on Tuesday reported stronger second-quarter earnings, buoyed by higher new vehicle sales. Earnings rose to $30.0 million, or 70 cents a share, from $28.5 million, or 68 cents per share, in the year-ago quarter. Excluding a one-time loss from some discontinued operations, Sonic earned $30.9 million, or 73 cents per share, in the quarter, within the range of Wall Street forecasts. Analysts ...

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