Sonic Automotive Reports Third Quarter 2019 EPS of $0.66, Up 83%
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Sonic Automotive (SAH) Tops Q3 EPS by 11c, Revenues Beat
October 24, 2019 7:02 AM EDTSonic Automotive (NYSE: SAH) reported Q3 EPS of $0.66, $0.11 better than the analyst estimate of $0.55. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.58 billion.
EchoPark revenues of $312.2 million during the third quarter of 2019, up 67.9% from the third quarter of 2018.EchoPark pre-tax profit improved $7.6 million, or 138.9%, to $2.1 million in the third quarter of 2019, compared to a pre-tax loss of $5.5 million in the third quarter of 2018.EchoPark generated Adjusted EBITDA* of $6.4 million in the third quarter of 2019, improving by $9.4 million from the third quarter of 2018.EchoPark retailed... More