Sonic Automotive Reports All-Time Record Third Quarter Earnings

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Go back to Sonic Automotive Reports All-Time Record Third Quarter Earnings

Sonic Automotive (SAH) Tops Q3 EPS by 25c

October 29, 2020 7:00 AM EDT

Sonic Automotive (NYSE: SAH) reported Q3 EPS of $1.35, $0.25 better than the analyst estimate of $1.10. Revenue for the quarter came in at $2.55 billion versus the consensus estimate of $2.52 billion.

Jeff Dyke, Sonics and EchoParks President, commented, Our third quarter results demonstrate the strength and resilience of our business model, driving the highest third quarter profit in our Companys history. All business lines saw sequential improvement from the second quarter, with a combination of increasing consumer demand and enhanced operating efficiency and profitability as a result of the strategic actions our team... More