Sonic Automotive Q4 Results Miss Estimates
(RTTNews) - Automotive retailer Sonic Automotive, Inc. (SAH) reported Wednesday net income for the fourth quarter of $38.7 million or $1.11 per share, compared to a net loss of $190.90 million or $5.22 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $1.63 per share, compared to $2.61 per share in the year-ago quarter.
On average, seven analysts polled by Thomson Reuters expected the company to report earnings of $1.87 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter edged down to $3.58 billion from $3.59 billion in the same quarter last year. Analysts expected revenues of $3.62 billion for the quarter
Sonic's Board of Directors approved a quarterly cash dividend of $0.30 per share, payable on April 15, 2024 to all stockholders of record on March 15, 2024.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Sonic Automotive Q2 Adj. EPS Tops Estimates, But Revenues Miss
U.S. Private Sector Adds 42,000 Jobs In October, More Than Expected
Higher Commodity Prices, Bargain Hunting May Lift Canadian Stocks At Open
Wall Street May Open With Slightly Negative Bias
FTSE 100 Recovers After Weak Start, Up Marginally At Noon
Eurozone Private Sector Expands Most Since Early 2023
CAC 40 Modestly Lower In Cautious Trade
