Sonic Automotive: Q2 Earnings Snapshot

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. (SAH) on Monday reported second-quarter net income of $41.2 million.

The Charlotte, North Carolina-based company said it had profit of $1.18 per share. Earnings, adjusted for non-recurring costs, were $1.47 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.

The auto dealer posted revenue of $3.45 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $3.55 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAH at https://www.zacks.com/ap/SAH