FORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — AutoNation Inc. (AN) on Friday reported fourth-quarter earnings of $172.1 million.
On a per-share basis, the Fort Lauderdale, Florida-based company said it had profit of $4.70. Earnings, adjusted for one-time gains and costs, came to $5.08 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.91 per share.
The auto retailer posted revenue of $6.93 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $7.14 billion.
For the year, the company reported profit of $649.1 million, or $17.04 per share. Revenue was reported as $27.63 billion.
AutoNation shares have declined 1% since the beginning of the year, while the S&P’s 500 index has declined almost 1%. The stock has increased almost 5% 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 AN at https://www.zacks.com/ap/AN
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