DETROIT (Reuters) -- Car dealer Sonic Automotive Inc. today said quarterly earnings rose, boosted by improved revenues.
The Charlotte, N.C., company said fourth quarter profit was $23.2 million, or 52 cents a share, as compared with $20.9 million, or 48 cents a share, a year earlier.
The company earned 63 cents a share from continuing operations, above Wall Street expectations for 60 cents.
Sonic Automotive ranks No. 3 on the Automotive News list of the top 100 dealership groups in the United States with retail sales of 143,757 new vehicles in 2005.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: email@example.com.
Anytime and anywhere to know the dynamics of China's auto industry