AutoNation posts higher quarterly profit
DETROIT Oct 24 (Reuters) - AutoNation Inc, the No. 1 U.S. auto dealer, on Thursday posted a 13 percent increase in quarterly profit amid rising demand for both new and used vehicles.
Net income in the third quarter increased to $92.6 million, or 75 cents a share, compared with $81.6 million, or 66 cents a share, in the year-earlier quarter. Analysts had expected 77 cents a share, according to Thomson Reuters I/B/E/S.
Revenue rose 14 percent to $4.47 billion, above the $4.44 billion analysts had expected.
- Russia criticizes EU sanctions, raps U.S. over Ukraine role |
- Israel says ready to extend short Gaza truce; many bodies pulled from rubble |
- First Ebola victim in Sierra Leone capital on the run
- Amazon's far-reaching ambitions, lack of profits, unnerve investors |
- Apple iPhones allow extraction of deep personal data, researcher finds