AutoNation: 2Q Earnings Snapshot
Aug. 01, 2018
FORT LAUDERDALE, Fla. (AP) _ AutoNation Inc. (AN) on Wednesday reported second-quarter earnings of $97.6 million.
The Fort Lauderdale, Florida-based company said it had profit of $1.07 per share. Earnings, adjusted for one-time gains and costs, came to $1.14 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The auto retailer posted revenue of $5.39 billion in the period, which missed Street forecasts. Twelve analysts surveyed by Zacks expected $5.41 billion.
AutoNation shares have declined 5.5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5 percent. The stock has risen 15 percent in the last 12 months.