Sonic Automotive Q1 Adjusted Earnings, Revenue Rise; Quarterly Dividend Increased

MT Newswires Live

04/30

Sonic Automotive (SAH) reported Q1 adjusted earnings Thursday of $1.62 per diluted share, up from $1.48 a year earlier.

Analysts polled by FactSet expected $1.40.

Revenue for the quarter ended March 31 was $3.69 billion, compared with $3.65 billion a year earlier.

Analysts surveyed by FactSet expected $3.73 billion.

The company increased its quarterly dividend to $0.41 from $0.38 per share, payable July 15 to shareholders of record on June 15.

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