AutoNation Inc. Announces 2% Increase In Q1 Profit

(RTTNews) - AutoNation Inc. (AN) reported a profit for its first quarter that climbed from last year.

The company said its bottom line totaled $98.2 million, or $0.97 per share. This was up from $96.2 million, or $0.90 per share, in last year's first quarter.

Analysts had expected the company to earn $0.91 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.4% to $5.14 billion. This was up from $5.12 billion last year.

AutoNation Inc. earnings at a glance:

-Earnings (Q1): $98.2 Mln. vs. $96.2 Mln. last year. -Earnings Growth (Y-o-Y): 2.1% -EPS (Q1): $0.97 vs. $0.90 last year. -EPS Growth (Y-o-Y): 7.8% -Analysts Estimate: $0.91 -Revenue (Q1): $5.14 Bln vs. $5.12 Bln last year. -Revenue Change (Y-o-Y): 0.4%