WASHINGTON (dpa-AFX) - AutoNation Inc. (AN) announced a profit for third quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $185.8 million, or $4.61 per share. This compares with $243.7 million, or $5.54 per share, in last year's third quarter.
Excluding items, AutoNation Inc. reported adjusted earnings of $162.2 million or $4.02 per share for the period.
Analysts on average had expected the company to earn $4.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 4.4% to $6.586 billion from $6.892 billion last year.
AutoNation Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $185.8 Mln. vs. $243.7 Mln. last year. -EPS (Q3): $4.61 vs. $5.54 last year. -Revenue (Q3): $6.586 Bln vs. $6.892 Bln last year.
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