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BRIEF-Sonic Automotive Reports Q2 Financial Results

BRIEF-Sonic Automotive Reports Q2 Financial Results

Reuters · 07/28/2022 07:27
BRIEF-Sonic Automotive Reports Q2 Financial Results

- Sonic Automotive Inc SAH:

  • SONIC AUTOMOTIVE REPORTS SECOND QUARTER FINANCIAL RESULTS

  • Q2 ADJUSTED EARNINGS PER SHARE $2.45 FROM CONTINUING OPERATIONS EXCLUDING ITEMS

  • Q2 REVENUE ROSE 9 PERCENT TO $3.7 BILLION

  • BOARD OF DIRECTORS INCREASES SHARE REPURCHASE AUTHORIZATION BY $500 MILLION FOR TOTAL AVAILABILITY OF $633 MILLION

  • SONIC AUTOMOTIVE - CONCLUDED REVIEW PROCESS FOR ITS ECHOPARK BUSINESS

  • SONIC AUTOMOTIVE - BOARD DETERMINED TIMING AND CURRENT MARKET CONDITIONS DO NOT ALIGN WITH COMPANY'S VALUE CREATION OBJECTIVES FOR ECHOPARK BUSINESS

  • SONIC AUTOMOTIVE - CURRENT MARKET ENVIRONMENT CAUSED CO TO ADJUST ECHOPARK'S PROJECTED REVENUE GROWTH, PUSH BACK ACHIEVEMENT OF PREVIOUSLY STATED GOALS BEYOND 2025

  • Q2 EARNINGS PER SHARE VIEW $2.55, REVENUE VIEW $3.90 BILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:

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