Daily Journal masthead

AutoNation misses 2Q net income expectations, tops revenue forecasts


FORT LAUDERDALE, Florida — AutoNation Inc. (AN) on Wednesday reported second-quarter net income of $115.1 million.

The Fort Lauderdale, Florida-based company said it had profit of $1 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The auto retailer posted revenue of $5.22 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $5.2 billion.

AutoNation shares have risen 7 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 3 percent. The stock has climbed 15 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AN at http://www.zacks.com/ap/AN


Keywords: AutoNation, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.