SAH - Sonic Automotive Jumps Over 10% After Earnings: 'Well-Positioned To Adapt To Evolving Market Conditions' | Benzinga
Sonic Automotive, Inc. (NYSE:SAH) shares are trading higher on Thursday.
The company reported first-quarter adjusted earnings per share of $1.36, beating the street view of $1.30.
Total revenues of $3.384 billion, down 3% year-over-year, missed the analyst consensus of $3.449 billion.
Same-store revenues rose 1% year over year, while same-store gross profit decreased 5%.
Quarterly gross profit fell 3% year over year to $536.2 ...