Asbury Automotive: 3Q Earnings Snapshot
DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Tuesday reported third-quarter net income of $44.3 million.
On a per-share basis, the Duluth, Georgia-based company said it had net income of $2.18. Earnings, adjusted for pretax expenses, were $2.21 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The auto dealership chain posted revenue of $1.76 billion in the period.
Asbury Automotive shares have declined 7 percent since the beginning of the year. The stock has risen roughly 7 percent in the last 12 months.