BofA/Merrill Lynch Downgrades Sonic Auto (SAH) to Underperform; Execution Issues
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Sonic Automotive Inc. (SAH) Misses Q2 EPS by 2c
July 22, 2014 7:34 AM EDTSonic Automotive Inc. (NYSE: SAH) reported Q2 EPS of $0.51, $0.02 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $2.35 billion versus the consensus estimate of $2.37 billion.
Highlights:
New retail gross profit up 10.9% on a 3.4% increase in unit sales... More
