My quick take:

Sonic’s fourth quarter earnings (from continuing operations) of $28.4 million, or $0.63, were slightly better than my forecast for $26.9 million, or $0.62.  Similar with many of the company’s peers, Sonic had a pretty big loss from discontinued operations ($6.3 million pre-tax,) although it is actually less than the loss from discontinued operations last year in the fourth quarter ($6.7 million.)  So any way you slice it, Sonic demonstrated improved year-over-year results.

Guidance for $2.48 to $2.58 (versus $2.22 in 2006,) is pretty encouraging considering it does not include acquisitions.  I still think management is doing a great job of central ...

To view the entire article:

• Click here to subscribe to everything for $400.00.

• OR click here just to purchase access to this article for $5.00.

Related Companies: Sonic Automotive