UPDATE 2-AutoNation posts profit on cost-cutting, Clunkers

Newswire

* EPS from continuing ops $0.36; Street view $0.35 * Revenue down 15 pct to $2.9 billion * Cost-cutting, "Cash for Clunkers" boost results * Shares up 2 percent (Adds CEO remarks, outlook, details on impact from government incentive program, DETROIT, Oct 29 (Reuters) - AutoNation Inc , the largest U.S. auto retailer, posted a quarterly profit thanks to cost-cutting and the government's "Cash for Clunkers" incentive program and said it would target dealership acquisitions as the ...

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