Sonic Automotive Q2 Adj. EPS Tops Estimates, But Revenues Miss

RTTNews | 381 일 전
Sonic Automotive Q2 Adj. EPS Tops Estimates, But Revenues Miss

(RTTNews) - Automotive retailer Sonic Automotive, Inc. (SAH) reported Monday that net income for the second quarter nearly doubled to $41.2 million or $1.18 per share from $23.4 million or $0.65 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $1.47 per share, compared to $1.83 per share in the year-ago quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $1.38 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter declined 5 percent to $3.45 billion from $3.65 billion in the same quarter last year. Analysts expected revenues of $3.58 billion for the quarter

Sonic's Board of Directors approved a quarterly cash dividend of $0.30 per share, October 15, 2024 to all stockholders of record on September 13, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Sonic Automotive Q4 Results Miss Estimates

Sonic Automotive Q4 Results Miss Estimates

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.
RTTNews | 554 일 전
Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | 2 시간 37 분 전
European Stocks Close On Mixed Note Again

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
RTTNews | 2 시간 53 분 전
Eurozone Consumer Confidence Weakens More Than Expected In August

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.
RTTNews | 3 시간 41 분 전
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
RTTNews | 5 시간 36 분 전
U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
RTTNews | 5 시간 47 분 전