CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. (SAH) on Wednesday reported a loss of $190.9 million in its fourth quarter.
The Charlotte, North Carolina-based company said it had a loss of $5.22 per share. Earnings, adjusted for non-recurring costs, came to $2.61 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.
The auto dealer posted revenue of $3.59 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $3.45 billion.
For the year, the company reported profit of $88.5 million, or $2.23 per share. Revenue was reported as $14 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAH at https://www.zacks.com/ap/SAH
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