Investing.com - Sonic Automotive reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Sonic Automotive announced earnings per share of $2.23 on revenue of $3.40. Analysts polled by Investing.com anticipated EPS of $2.48 on revenue of $3.77B.
Sonic Automotive shares are down 4% from the beginning of the year and are trading at $45.62 , down-from-52-week-high.
Sonic Automotive follows other major Consumer Discretionary sector earnings this month
Sonic Automotive's report follows an earnings beat by Tesla on October 19, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
McDonald’s had beat expectations on Thursday with third quarter EPS of $2.68 on revenue of $5.87B, compared to forecast for EPS of $2.59 on revenue of $5.72B.
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