USA: Sonic Automotive revises profit forecast downwards
Sonic Automotive, one of the largest automotive retailers in the United States with 188 new car franchises and 42 collision repair centres, has revised down its fourth quarter 2002 profit targets from $US0.62 - $0.66 per share to $0.48 - $0.52 per share and its full year 2002 earnings targets to $2.44 - $2.48 per share.
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