For the second quarter, Autonation Inc (NYSE:AN) saw a rise in net income, beating Wall Street expectations.
Earnings and Revenue The company experienced stronger-than-expected EPS and revenues. The company reported adjusted net income of 66 cents a share versus the 59 cents a share estimate and revenues of $3.9 billion versus the $3.73 billion estimate. The company's reported EPS came in above the high estimate of 10 analysts of a profit of 63 cents.
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The company's net income for the quarter rose 9.3% to $78.6 million. Revenue climbed 17.5% from $3.32 billion in the same period last year.
Company Fundamental Trends Last quarter marked the third in a row of rising net income. The company's revenue has grown during at least each of the past four quarters on a year-over-year basis.
History Against Expectations The company has now topped analyst estimates for the last three quarters.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.