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Cars.com: 2Q Earnings Snapshot

August 5, 2019

CHICAGO (AP) _ Cars.com Inc. (CARS) on Monday reported a second-quarter loss of $6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Chicago-based company said it had a loss of 9 cents. Earnings, adjusted for one-time gains and costs, were 30 cents per share.

The online automotive marketplace posted revenue of $148.2 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $159.9 million.

Cars.com shares have declined 16% since the beginning of the year. The stock has fallen 36% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CARS at https://www.zacks.com/ap/CARS

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