CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. (SAH) on Wednesday reported fourth-quarter profit of $46.9 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.36. Earnings, adjusted for non-recurring costs, came to $1.52 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The auto dealer posted revenue of $3.87 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $3.91 billion.
For the year, the company reported profit of $118.7 million, or $3.42 per share. Revenue was reported as $15.15 billion.
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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 SAH at https://www.zacks.com/ap/SAH
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