Sonic Automotive Q2 Adj EPS $1.83 Beats $1.65 Estimate, Sales $3.65B Beat $3.60B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonic Automotive (NYSE:SAH) reported Q2 earnings of $1.83 per share, beating the analyst consensus estimate of $1.65 by 10.91%. However, this is a 25.31% decrease from the same period last year. The company also reported quarterly sales of $3.65 billion, beating the estimate of $3.60 billion by 1.44%.
July 27, 2023 | 10:49 am
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Sonic Automotive's Q2 earnings and sales beat estimates, but earnings are down 25.31% from the same period last year.
While Sonic Automotive beat earnings and sales estimates, the decrease in earnings from the same period last year could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock.
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