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 EPS of $2.48 on revenue of $3.77B.
Sonic Automotive 's are down 4% and is trading at $45.62 , still down 22.92% from its 52 week high of $59.19 set on Friday, August 26, 2022.
Sonic Automotive follows other major Consumer Discretionary sector earnings this month
Sonic Automotive's report follows an earnings beat by Tesla on Wednesday, October 19, 2022, who reported EPS of $1.05 on revenue of $21.45B, 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, for EPS of $2.59 on revenue of $5.72B.
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