CHICAGO (AP) — CHICAGO (AP) — Cars.com Inc. (CARS) on Thursday reported first-quarter profit of $784,000.
The Chicago-based company said it had net income of 1 cent per share.
The online automotive marketplace posted revenue of $180.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $179.8 million.
For the current quarter ending in June, Cars.com said it expects revenue in the range of $181 million to $183 million.
Cars.com shares have fallen 10% since the beginning of the year. The stock has dropped 5% in the last 12 months.
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