Sonic Automotive Q2 Profit Tops Estimates; Revenues Down 19% - Quick Facts

(RTTNews) - Sonic Automotive, Inc. (SAH) reported second quarter earnings per share from continuing operations of $0.71, compared to $0.62, a year ago. The result included a non-recurring tax benefit of $3.2 million, or $0.07 per share. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.31, for the quarter. Analysts' estimates typically exclude special items.

Second quarter total Sonic consolidated revenues were $2.11 billion, down 19% from prior year. Analysts expected revenue of $2.16 billion for the quarter.

Sonic's Board approved a quarterly cash dividend of $0.10 per share payable on October 15, 2020 to all stockholders of record on September 15, 2020.