Shares of Sonic Automotive(SAH Quote) were down 43 cents, or 27% to $1.17 after the auto retailer reported a loss of $685.6 million for the fourth quarter late Tuesday.
The loss was $17.10 per share for the last three months of 2008. Sonic earned $23 million, or 54 cents per share, in the same quarter last year. Revenue fell 28% to $1.26 billion from $1.74 billion in the 2007 quarter.- Loading Comments...
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