Sonic Automotive Q2 Adjusted Earnings Fall, Revenue Rises; Shares Down Pre-Bell

MT Newswires Live

Jul 30

Sonic Automotive (SAH) reported Q2 adjusted earnings Thursday of $1.82 per diluted share, down from $2.19 a year ago.

Analysts polled by FactSet expected $1.75.

Revenue for the quarter ended June 30 was $3.93 billion, up from $3.66 billion a year earlier.

Analysts expected $3.78 billion.

The company said its board approved a quarterly cash dividend of $0.41 per share, payable Oct. 15 to shareholders of record as of Sept. 15.

Shares of the company were down more than 4% in premarket activity Thursday.

Price: 107.20, Change: -5.46, Percent Change: -4.85

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