AutoNation Inc. Q1 Profit Drops 14%

(RTTNews) - AutoNation Inc. (AN) released earnings for first quarter that dropped compared to the same period last year.

The company said its bottom line came in at $96.2 million, or $0.90 per share. This was down from $111.7 million, or $0.97 per share, in last year's first quarter.

Analysts had expected the company to earn $0.93 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.6% to $5.12 billion. This was up from $4.94 billion last year.

AutoNation Inc. earnings at a glance:

-Earnings (Q1): $96.2 Mln. vs. $111.7 Mln. last year. -Earnings Decline (Y-o-Y): -13.9% -EPS (Q1): $0.90 vs. $0.97 last year. -EPS Decline (Y-o-Y): -7.2% -Analysts Estimate: $0.93 -Revenue (Q1): $5.12 Bln vs. $4.94 Bln last year. -Revenue Change (Y-o-Y): 3.6%