Sonic Automotive Reports All-Time Record Quarterly Revenues and Pre-Tax Earnings
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Sonic Automotive (SAH) Tops Q4 EPS by 10c
February 17, 2021 7:08 AM ESTSonic Automotive (NYSE: SAH) reported Q4 EPS of $1.50, $0.10 better than the analyst estimate of $1.40. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.8 billion.
Fourth Quarter Highlights
All-time record quarterly revenues of $2.8 billion, up 1.8%, and all-time record quarterly income from continuing operations before taxes of $90.4 million, up 48.3%Reported earnings from continuing operations of $57.5 million ($1.31 per diluted share), compared to $46.3 million ($1.04 per diluted share) for the fourth quarter of 2019All-time record quarterly adjusted earnings from continuing operations* of $65.8 million ($1.50 per diluted share), an increase of 52.7% compared to $43.1... More