Asbury Automotive: 2Q Earnings Snapshot
DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Tuesday reported second-quarter net income of $43.2 million.
On a per-share basis, the Duluth, Georgia-based company said it had profit of $2.11. Earnings, adjusted for non-recurring gains, came to $2.08 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The auto dealership chain posted revenue of $1.72 billion in the period.
Asbury Automotive shares have climbed slightly more than 8 percent since the beginning of the year. The stock has increased 21 percent in the last 12 months.