AutoNation’s second-quarter profit declines

NEW YORK (MarketWatch) — AutoNation Inc. said Thursday that its second-quarter net income fell to $51.8 million, or 29 cents a share, from $77.3 million, or 37 cents a share, in the year-earlier period. Earnings from continuing operations declined to 29 cents a share from 38 cents a share. A FactSet Research survey of analysts, on average, projected earnings of 31 cents a share for the quarter. The Fort Lauderdale, Fla., automotive retailer said revenue fell to $3.91 billion from $4.48 billion. Shares of AutoNation ended Wednesday at $9.39.
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Original post by Forextvblog

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