UPDATE 4-AutoNation projects long auto sales recovery

Newswire

* Q3 EPS cont ops 39 cts vs Wall St view 42 cts * CEO projects long, slow recovery for auto sales * Job creation is critical for auto sales rebound- CEO * Stock drops almost 6 percent on NYSE (Adds quotes from the conference call, analyst comment, byline, updates shares) By Deepa Seetharaman DETROIT, Oct 28 (Reuters) - AutoNation Inc posted third-quarter results that fell short of analyst estimates and its chief executive projected a long, slow recovery for auto sales that will ...

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