Sonic Automotive: Fourth Quarter Earnings Overview

Sonic Automotive Announces Fourth-Quarter Earnings

Sonic Automotive Inc., headquartered in Charlotte, North Carolina, revealed a net profit of $46.9 million for the fourth quarter.

The company's earnings translated to $1.36 per share, while adjusted earnings—excluding one-time expenses—were $1.52 per share.

These figures were slightly below analyst projections, as experts surveyed by Zacks Investment Research had anticipated earnings of $1.53 per share.

During the quarter, Sonic Automotive generated $3.87 billion in revenue, which also came in under the $3.91 billion forecasted by analysts polled by Zacks.

For the entire year, the company reported a total profit of $118.7 million, or $3.42 per share, with annual revenue reaching $15.15 billion.