Tags: US | AutoNation | Outlook

AutoNation Raises Profit Forecast Again

Tuesday, 06 Apr 2010 10:35 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

Auto dealership chain AutoNation is raising its first-quarter profit forecast above analyst expectations.

The company says it now expects earnings from continuing operations of 32 cents to 35 cents per share. That's up from the 29 cents to 32 cents it forecast last week.

It still expects revenue of about $2.8 billion

Analysts surveyed by Thomson Reuters expect 31 cents per share on $2.75 billion in sales. Such estimates typically exclude one-time items.

The market for new cars and trucks has been recovering in recent months. Auto sales are up 15.5 percent for the first three months of the year.

Shares rose 47 cents, or 2.5 percent, to $18.51 in morning trading.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

'The Interview' Added to Apple's ITunes

Sunday, 28 Dec 2014 14:11 PM

iTunes has joined the list of digital distributors for Sony Pictures, The Interview, Apple announced Sunday.
As w . . .

Sony Restores PS4 Service on PlayStation Network After Hacking

Saturday, 27 Dec 2014 18:08 PM

Sony Corp. restored service for the PS4 game console on its PlayStation Network, according to a company statement on its . . .

Pay-Per-View Economics May Not Add Up for Sony’s ‘The Interview’

Friday, 26 Dec 2014 18:20 PM

The economics of pay-per-view suggest Sony Pictures will have a hard time generating enough revenue to recoup the estima . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved