Sonic Automotive: Q1 Earnings Snapshot
April 29, 2021
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CHARLOTTE, N.C. (AP) Sonic Automotive Inc. (SAH) on Thursday reported first-quarter net income of $54.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.25. Earnings, adjusted to account for discontinued operations, came to $1.23 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The auto dealer posted revenue of $2.79 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.54 billion.
Tree.com: Q1 Earnings Snapshot
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CHARLOTTE, N.C. (AP) Tree.com Inc. (TREE) on Thursday reported first-quarter earnings of $19 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.35. Earnings, adjusted for non-recurring gains, were 18 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The mortgage lending service provider posted revenue of $272.8 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $265.8 million.
Tree.com shares have decreased 10% since the beginning of the year. The stock has risen 10% in the last 12 months.
Judge tosses North Carolina lawsuit over remote learning
March 6, 2021
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CHARLOTTE, N.C. (AP) A North Carolina judge has dismissed a lawsuit filed by parents in Charlotte-Mecklenburg Schools who want in-person learning for their students over virtual classrooms.
The Charlotte Observer reports that parents filed the lawsuit in September. They argued that remote learning is particularly difficult for special education students and those without home computers.
But Superior Court Judge Karen Eady-Williams ruled Friday that the parents failed to show how such learning hurt their children’s education, according to a copy of the judge’s dismissal form.
Students in Charlotte-Mecklenburg Schools returned to in-person learning on a limited basis last month.