Yahoo Finance AutoNation: Q2 Earnings Snapshot
FORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — AutoNation Inc. (AN) on Wednesday reported second-quarter earnings of $130.2 million.
On a per-share basis, the Fort Lauderdale, Florida-based company said it had net income of $3.20. Earnings, adjusted for non-recurring costs, came to $3.99 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.31 per share.
The auto retailer posted revenue of $6.48 billion in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $6.76 billion.
AutoNation shares have climbed 19% since the beginning of the year, while the S&P's 500 index has increased 14%. The stock has risen 11% in the last 12 months.
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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 AN at https://www.zacks.com/ap/AN
