CHICAGO (AP) — CHICAGO (AP) — Cars.com Inc. (CARS) on Thursday reported third-quarter net income of $18.7 million.
On a per-share basis, the Chicago-based company said it had net income of 28 cents. Earnings, adjusted for one-time gains and costs, came to 41 cents per share.
The online automotive marketplace posted revenue of $179.7 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $179.4 million.
Cars.com shares have dropped 11% since the beginning of the year. The stock has dropped nearly 7% 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 CARS at https://www.zacks.com/ap/CARS
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