UPDATE 2-AutoNation posts lower-than-expected profit

Newswire

(Adds CEO comments, details, stock action, byline) By Ben Klayman DETROIT, April 24 (Reuters) - AutoNation Inc , the largest U.S. car dealership, on Thursday posted a lower-than-expected quarterly profit as the weak U.S. housing market hurt demand in the company's critical California and Florida markets. Net income in the first quarter fell 35 percent to $50.7 million, or 28 cents a share, from $77.6 million, or 37 cents a share, in the year-earlier quarter. Earnings from continuing ...

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