Asbury Automotive: Q3 Earnings Snapshot
Asbury Automotive Group Inc. (ABG) reported third-quarter earnings of $147.1 million, with a net income of $7.52 per share.
Earnings, adjusted for one-time gains and costs, were $7.17 per share, beating Wall Street expectations of $6.80 per share.
- The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $6.80 per share.
- The auto dealership chain posted revenue of $4.8 billion in the period, exceeding Street forecasts of $4.69 billion.
Asbury Automotive shares have fallen nearly 4% since the beginning of the year, but have risen 5% in the last 12 months.
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Author's summary: Asbury Automotive Group Inc. reports Q3 earnings of $147.1 million.