UPDATE 1-Sonic profit tops expectations, '12 outlook strong


* Sonic Q4 adj EPS $0.43 vs Street view $0.38 * Q4 sales $2.07 bln vs Street view $2.06 bln * Mid-point of '12 EPS outlook above Street view * Shares up 6.8 pct (Adds analyst comment, details, background, stock action) By Ben Klayman Feb 28 (Reuters) - Sonic Automotive Inc, the No. 3 U.S. auto dealer group, posted a higher-than-expected quarterly profit and offered a strong outlook for 2012, sending its shares up nearly 7 percent on Tuesday. Analysts credited cost-cutting, higher new and ...

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