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Republic Industries, Inc. Announces It Will Report Third Quarter Earnings Of $0.38 Per Share, In Line With Analysts' Estimates

Oct. 13, 1998
FT. LAUDERDALE, Fla., Oct. 13 /PRNewswire/ -- Republic Industries, Inc. (NYSE: RII) today announced that on October 29, 1998 it will report a 36% increase in earnings per share of $0.38 for the quarter ended September 30, 1998.

Republic Industries, Inc. operates subsidiaries in the automotive retailing, automotive rental, and solid waste services industries. The Company owns the nation's largest chain of new vehicle dealerships and is building a chain of used car megastores that it operates under the AutoNation USA brand name. Republic also owns National Car Rental System, Inc., Alamo Rent-A-Car, Inc. and CarTemps USA.

Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the Company's SEC filings.

SOURCE Republic Industries, Inc.
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