AutoNation reports Q1 (Mar) results, misses on revs :
- Reports Q1 (Mar) earnings of $0.93 per share, may not be comparable to the Capital IQ Consensus of $0.93; revenues rose 3.5% year/year to $5.12 bln vs the $5.3 bln Capital IQ Consensus.
- Net income from continuing operations for Q1 was negatively impacted by approximately $6.8 million after-tax, or $0.06 per share, consisting of hail-related expenses ($0.03) and a shift of approximately ($0.03), in stock-based compensation expense into the first quarter, due to a change from quarterly to annual stock option grants. We have excluded the hail expense and included the SBC, which may not be comparable to the Capital IQ consensus.
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