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

RTTNews | 387 ngày trước

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

Thẻ: SAH

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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 ngày trước

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 | 29 phút trước

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 | 56 phút trước

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 | 1h 45phút trước

CAC 40 Advances After Recent Losses

CAC 40 Advances After Recent Losses

Despite the uncertainty on the political front, the French market is up in positive territory on Wednesday due largely to some bargain hunting at several counters after two successive days of declines. Investors are also looking ahead to AI giant Nvidia's earnings updates.

RTTNews | 2h 0phút trước

DAX Remains Weak Despite Paring Some Early Losses

DAX Remains Weak Despite Paring Some Early Losses

German stocks are down in negative territory in cautious trade on Wednesday amid political uncertainty in France ahead of a confidence vote early next month, and anxiety ahead of Nvidia's earnings for clues on the AI trade.

RTTNews | 2h 16phút trước

Mixed Sentiment In Asian Markets

Mixed Sentiment In Asian Markets

Asian markets moved in a mixed fashion on Wednesday amidst anxiety ahead of release of earnings update by chip-giant NVIDIA.

RTTNews | 2h 27phút trước

Euro Falls Against Majors

Euro Falls Against Majors

The euro weakened against other major currencies in the European session on Wednesday.

RTTNews | 2h 28phút trước

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