(Adds CEO comments) DETROIT, July 27 (Reuters) - Car dealership group AutoNation Inc. on Thursday posted a 63 percent drop in second-quarter net earnings partly due to higher interest expense and a large one-time tax gain that was recorded in the previous year. The largest U.S. automotive retailer said net income fell to $72.7 million, or 33 cents per share, from $194.8 million, or 73 cents per share, a year earlier. Last year's results included a benefit of 36 cents per share from the ...
Premium Content (PAID Subscription Required)
"UPDATE 2-AutoNation posts lower quarterly earnings" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.