Sonic Automotive Reports Record First Quarter Revenues and Earnings Per Share
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/17/2026
- Generac strikes $8B supply deal with Amazon for data center power
- Wall St ends lower after Fed hikes interest rates, sees more tightening ahead
- Paradium AI (PAAI) Halted, News Pending
- Shipping stocks on fire — but cracks are forming in the rate rally
- JPMorgan Fed scenario analysis: 5 paths for the S&P 500 today
Sonic Automotive (SAH) Tops Q1 EPS by 31c, Revenues Beat
April 29, 2021 7:01 AM EDTSonic Automotive (NYSE: SAH) reported Q1 EPS of $1.23, $0.31 better than the analyst estimate of $0.92. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.53 billion.
First Quarter Highlights
Record first quarter revenues of $2.8 billion, up 20.7%, and record first quarter income from continuing operations before taxes of $72.6 million, compared to a loss before taxes of $243.2 million in the first quarter of 2020, which included a $268.0 million non-cash goodwill impairment charge (excluding the effect of this prior year goodwill impairment charge, pre-tax earnings increased 193.1%)Record first quarter reported earnings from continuing... More