Asbury Automotive: Q3 Earnings Snapshot
DULUTH, Ga. (AP) — DULUTH, Ga. (AP) — Asbury Automotive Group Inc. (ABG) on Tuesday reported third-quarter earnings of $169.2 million.
On a per-share basis, the Duluth, Georgia-based company said it had net income of $8.19. Earnings, adjusted for non-recurring gains, were $8.12 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $8.44 per share.
The auto dealership chain posted revenue of $3.67 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $3.72 billion.
Asbury Automotive shares have climbed 11% since the beginning of the year. The stock has climbed 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
