AutoNation Inc. recently reported this year’s second-quarter earnings per share (EPS) from continuing operations where it presented a net income of $101 million, translated to $1.12 per share. This shows a 4-percent growth relative to second-quarter 2018 net income from continuing operations of $97 million, or $1.07 per share.
For the six-month period ended June 30, 2019, the company reported net income from continuing operations of $193 million, or $2.14 per share, compared to $191 million, or $2.08 per share, for the same period in 2018. Its revenue for the six-month period ended June 30, 2019 totaled $10.3 billion, a 3-percent decrease compared to $10.7 billion for the same period in the previous year.
The automotive retailer’s net income from continuing operations included non-cash franchise rights impairment charges of $7 million after-tax ($0.08 per share) in the second quarter of 2019, and $6 million after-tax ($0.07 per share) in the second quarter of 2018.
Learn more about AutoNation’s second-quarter performance via the conference call playback, which will be available through August 21, 2019, by calling 800-585-8367 (Conference ID: 5586851).