Shares in Cars.com Inc. rose nearly 20 percent in mid-day trading Thursday after the company announced quarterly financial results that bettered analysts' expectations. The Chicago online automobile marketplace reported second-quarter revenue fell 31% to $102 million from a year earlier and adjusted net income fell to $8 million, or 12 cents per diluted share, from $20 million, or 30 cents per share a year earlier. That bested analysts' expectations. Analysts polled by Thomson Reuters First Call… Continue reading at 'Silicon Valley Business Journal'
[ Silicon Valley Business Journal | 2020-07-30 17:33:07 UTC ]