CHICAGO (AP) — CHICAGO (AP) — Cars.com Inc. (CARS) on Thursday reported second-quarter profit of $11.4 million.
The Chicago-based company said it had net income of 17 cents per share. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.
The online automotive marketplace posted revenue of $178.9 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $181.5 million.
Cars.com shares have dropped roughly 6% since the beginning of the year. The stock has decreased 12% in the last 12 months.
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