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

RTTNews | 387 gün önce
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

Etiketler: SAH
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 | 560 gün önce
Korea Interest Rate Decision Due On Thursday

Korea Interest Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 2.50 percent.
RTTNews | 16 dakika önce
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.
RTTNews | 5s 22 dakika önce
Euro Falls Amid Political Uncertainty

Euro Falls Amid Political Uncertainty

The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.
RTTNews | 9s 37 dakika önce
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open on a positive note on Wednesday, riding on strong earnings from Royal Bank of Canada and National Bank of Canada. Weak commodity prices and concerns on the geopolitical and tariffs front may weigh limit market's upside.
RTTNews | 10s 3 dakika önce
European Stocks Turning In Mixed Performance

European Stocks Turning In Mixed Performance

European stocks are turning in a mixed performance on Wednesday as political uncertainty in France, and a lack of any significant positive triggers render the mood cautious. Investors are also awaiting earnings updates from AI major NVIDIA.
RTTNews | 10s 30 dakika önce
FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower

FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower

U.K. stocks are somewhat subdued in lackluster trade on Wednesday as investors remain a bit reluctant to make significant moves due to a lack of triggers. The benchmark FTSE 100 was at 9,266.25 a little before noon, up 0.45 points over previous close.
RTTNews | 11s 19 dakika önce