CHARLOTTE, N.C. (AP) __ CHARLOTTE, N.C. (AP) __ Sonic Automotive Inc. (SAH) on Thursday reported third-quarter earnings of $68.4 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.92. Earnings, adjusted for non-recurring costs, came to $2.02 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The auto dealer posted revenue of $3.64 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $3.57 billion.
