Asbury Automotive: Q2 Earnings Snapshot
DULUTH, Ga. (AP) — DULUTH, Ga. (AP) — Asbury Automotive Group Inc. (ABG) on Tuesday reported second-quarter earnings of $196.4 million.
On a per-share basis, the Duluth, Georgia-based company said it had profit of $9.34. Earnings, adjusted for non-recurring gains, were $8.95 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $8.15 per share.
The auto dealership chain posted revenue of $3.74 billion in the period, matching Street forecasts.
Asbury Automotive shares have climbed 30% since the beginning of the year. The stock has increased 39% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABG at https://www.zacks.com/ap/ABG
